This is my open letter to Mrs Josephine Teo, Minister of Manpower and Second Minister of Home Affairs, and Member of the Singapore Parliament for Bishan-Toa Payoh GRC about her response in Parliament on why CPF payouts are not started automatically at age 65.
Dear Mrs Josephine Teo,
I write to you as a fellow Singaporean and as someone who intends to retire gracefully in Singapore with CPF Life forming part of my retirement income.
Yesterday, you have addressed your fellow members of Parliament in response to their questions on whether CPF information can be better related to the public. In this open letter, I will be referring to the Youtube video of your speech posted by Gov.sg.
There is insufficient proof that Singaporeans prefer to delay their CPF Life payout
In your speech, you have 60% of members on RSS who have reached their PA that year