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Retirement and Health StudyRetirement and Health Study<p> <strong>Announcement</strong></p><p>In view of the COVID-19 situation, the Retirement and Health Study (RHS) 2020/21 will be deferred till further notice. </p><p> We thank you for your support for the RHS.</p><p> </p><p> <strong>What is the Retirement and Health Study (RHS)?</strong></p><p>The RHS is a longitudinal survey of Singapore residents’ retirement and healthcare needs and how they change over time. Selected individuals are interviewed once every two years. The findings from the RHS will be used to improve ageing-related policies and services in Singapore.</p><p>Several countries have implemented similar longitudinal studies on retirement and health, such as the United States, United Kingdom, New Zealand, Japan and China.</p><p> </p><p> <strong>Why should I participate?</strong></p><ul><li><p>Share your experience with us</p><p>Around 11,700 individuals participated in the previous round of interview. We look forward to hearing about your experiences in this round of the RHS. With more information collected over time, government agencies are better able to design or improve ageing-related policies and services in Singapore.</p></li></ul> <br> <ul><li> <p>Token of our appreciation</p><p>We appreciate your time to speak to us. Upon completion of the interview, you will receive shopping vouchers from us. For those who had participated in the RHS before, there will be an additional loyalty gift upon completion of the current interview.</p></li></ul> <br> <p> <strong>What have we discovered using data from the Retirement and Health Study?</strong></p><ul><li><p>Retirement plans</p><p>Using data from the RHS, we studied the retirement plans of our respondents. Among those with plans for their retirement, a vast majority (86%) plan to transit into partial retirement before fully retiring. This include reducing their work hours gradually, or reducing their work responsibilities. More information can be found in the <a href="/Assets/members/Documents/RHSNewsletter_Issue1.pdf">RHS newsletter</a>.</p></li></ul> <br> <ul><li><p>Use of CPF withdrawals after age 55</p><p>Upon turning 55 years old, CPF members have the option of withdrawing part of their CPF savings in a lump sum. Around four in 10 CPF members aged 55 to 70 reported that they did not make any cash withdrawals after turning 55 years old, even though they had the option of doing so. Of those who made withdrawals, most deposited their funds in the banks, or used them to pay for near-term expenditure needs or big-ticket items. More information can be found in the article: “<a href="/Assets/members/Documents/CPFTrends_WhatdoCPFmembersdowiththecashwithdrawalsfromtheirCPFafter55.pdf">What do CPF members do with the cash withdrawals from their CPF after age 55?</a>”</p></li></ul> <br> <p>We will continue to study the data collected and hope to share more findings in the future.</p><p> </p><p> <strong>Contact Us</strong></p><p>For queries related to RHS, please contact the RHS Office at <a href="mailto:cpf_rhs@cpf.gov.sg">cpf_rhs@cpf.gov.sg</a></p>

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