Some period ago I have decided Basic Plan is the way to go considering my age and investment portfolio I have that choosing moderation will be preferred. What I did not mentioned is should I default FRS or go for ERS. And in this article we will try to find out.

” For members who turn 55 in 2020, their Basic Retirement Sum (BRS), Full Retirement Sum (FRS) and Enhanced Retirement Sum (ERS) are $90,500, $181,000 and $271,500  respectively.”

To hit ERS, I need additional $90,500. So basically multiples 1.5x of FRS.  Let’s use FRS to see the returns.

Current FRS = $181, 000

Current Basic Plan : $1,276 – $1,409 starting at Age 65

Take note the Basic Plan payout is based on below notes form CPF through CPF Life Estimator Calculator.

“The monthly payouts, total payout received, and bequest amounts shown are estimated based on the Retirement Account balance provided, current CPF interest rates,