I didn’t get a response from Mrs Josephine Teo, our Minister of Manpower. But you know who contacted me? The friendly folks from the CPF Board. I had a 1-hour long call with them to share my feedbacks and here’s what we have discussed.
In this article, I’ll attempt to be specific about things that are different for CPF members under CPF Life and those who are under the Retirement Sum Scheme (RSS).
What information does CPF Board need before they can start making payouts?For CPF members under RSS, CPF members are required to provide their banking details and the age they would like to start receiving their payouts.
For CPF members under CPF Life, CPF members are required to select a CPF Life plan (Standard, Basic and Escalating), provide their banking details and the age they would like to start receiving their payouts.
What’s the easiest way to...
