One of the most current affairs stories today is “Our CPF”. It’s about letting Singaporeans decide how much we need during our retirement. I think it is good we have a discussion here. Perhaps you know everything; but some of us have questions and comments.
If you have questions, do ask; and anyone can respond. If you have comments, great. Keep your response short, so we enjoy and understand you better. Please keep short your response to 1-3 paragraphs. I have questions too.
In the case or we turning 55 in 2016, and the options are:
- Basic retirement sum (with property): A monthly payout of $650 – 700 for life, for basic needs.
- Full retirement sum (without property): A monthly payout of $1,200 – 1,300 for life, for basic needs.
- Enhanced retirement sum $241,500: A monthly payout of $1,750 – 1,900 for life, if we choose to put more in the retirement account.
If you wish to rate your thoughts and share it with fellow members, use the scale of 1-10 (10 is excellent), avoid using I dont like it or it is a good idea.
Please share your thoughts.