an announcement was made by Deputy Prime Minister and Manpower Minister, Tharman Shanmugaratnam during the Committee of Supply debates on the Manpower Ministry's estimates in Parliament on Monday on another tweaking to the cpf life scheme introduced in 2009. when the cpf life scheme was launched, there were 4 plans available, namely: 1. life plus 2. life balanced 3. life basic 4. life income as a result of feedback, the government has decided to combine the desired features of the life plus and balanced plans into a new plan called the standard plan which will be the default plan if cpf members have not indicated their choice of which plan they want and will automatically be placed under this plan. the desired features of the new standard plan are: a. comparable payouts to the minimum sum scheme b. the bequest feature and c. the flexibility to use the retirement account ......