If you have not heard, CPF members who are on the older Retirement Sum Scheme (RSS) will now have payouts lasting up to age 90, down from the previous age of 95.
Here's a link to the article.

Illustration:
If you are retiring at age 65, is not on the CPF LIFE Scheme (aka you are on the RSS), and has $50,000 in your CPF Retirement Account (RA).
Previously, when the payout would last until you are 95 years old, your monthly payout would be about $235 ~ $295.
Now, after the changes, your monthly payout would increase to about $260 ~ $315, almost 10% increase!
Now, the numbers here are for illustration only because we don't have access to the actual calculation method, but we expect the numbers to be fairly close to our estimates.

This is great in 2 ways for those on the RSS scheme.
1) Those on the RSS scheme tend to be of...