I fully agree with Mr Andrew Seow Chwee Guan's rationale for asking for the Medisave Minimum Sum to be lowered for pioneers ("Reduce Medisave Minimum Sum for pioneers"; Monday).
The Minimum Sum now stands at $43,500 and not much of it will be utilised as there are strict limits on what the money can be used for.
Furthermore, pioneers receive benefits from the Pioneer Generation Package, as well as other top-ups that can be used to defray the cost of our medical bills.
Pioneers also get substantial rebates at polyclinics and at private clinics participating in the Community Health Assist Scheme.
Perhaps, pioneers who meet the Minimum Sum could be allowed to withdraw 50 per cent of the funds in their Medisave accounts to lighten their burden in their twilight years.
While the money in their Medisave accounts will be passed on to pioneers' families after their death, it would be better if the money could go some way to help fund pioneers' retirement.
Jeff Tan Hong Liak