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What is the Retirement Account? <p>The Retirement Account (RA) is created at age 55 for members to set aside their retirement sum, which will provide a regular income from their payout eligibility age for retirement expenses.  Depending on your desired CPF LIFE monthly payout and your CPF balances, you can choose to set aside the Basic, Full or Enhanced Retirement Sum. The retirement sum will be transferred from your Special Account and Ordinary Account.</p><p> </p><p>Members who own a property may set aside a Basic Retirement Sum (BRS) when they turn 55. Members without a property or who wish to receive the full monthly payout can choose to set aside a Full Retirement Sum (FRS), which is two times the BRS. Members who wish to receive higher payouts can set aside the Enhanced Retirement Sum (ERS), which is three times the BRS.</p>17401General Information on the retirement sum

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