Forms - CDA & LUP

Over the span of one week, we received 2 forms from the Government. One is from MCYS (Ministry of Community Development, Youth and Sports) and another one from Lift Upgrading Programme Working Committee.

MCYS Forms – when I delivered Anders in 2004, I was entitled to Baby Bonus scheme and under the scheme; we started a CDA (Child Development Account) with POSB. This account is solely for the purpose of saving monies and when we save a $1, the government will match the same. This is up to the capped of $6K for 2nd child.

Now MCYS decided to outsource the Bank provided. It had shortlisted 2 Banks – OCBC and Standard Chartered Bank. I have decided to choose OCBC because there is one outlet at the AMK HUB, so it will be easier for me to do any transactions.

So far, I am using this account to pay for Ander's childcare fees and I believe by end of 2008 or mid 2009, the monies in the account will be totally depleted...hee : P

LUP Forms – our constituency is due for a LUP (Lift Upgrading Programme) and the working committed has written to the residents to update us on the cost that we need to pay. At the same time, there is a Preliminary survey for them to assess the support for the LUP. The final decision will be made at a formal Straw Poll to be held at a later date.

For our 4 room unit, the cost for the LUP is $1035 (flat owner’s share), $1035 (town council share) and $11,730 (Govt’s share). So needless to say, we are all for this LUP.

If this goes through, we will have lift landing at our door steps; this means that our Bicycle dreams may just come true...hee. : )

This is a useful programme especially for our matured estates which comprised of majority elderly and some are even on wheel chairs. Also there are families with young children with prams etcs. With this programme, everyone will benefit from it, I do hope it will materialized