CPF News – $186,000 Full Retirement Sum For 2021, $192,000 FRS For 2022
By Turtle Investor • February 18, 2020
We have an update for theCPF Full Retirement Sum (FRS) for year 2021 and 2022. Basically, the Basic Retirement Sum (BRS), FRS, and Enhanced Retirement Sum (ERS) serve as guideposts in helping us to plan our paths to retirement.More importantly, they will determine how much we get as monthly payouts at our payout eligibility age.While many others focused on different issues ..Buried in one of the articles ofSingapore Budget 2020is a nugget of information that updated the following table, which was what we knew prior to today.The focus was supposed to be theMatched Retirement Savings Schemebeing introduced to help those with less Central Provident Fund (CPF) savings.About 435,000 lower- to middle-income Singaporeans aged 55 to 70 who have not been able to set aside the prevailing Basic Retirement Sum will be eligible for the scheme, and it involves the Government matching every dollar of cash top-up made to ...