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How are the Basic Retirement Sum and Full Retirement Sum determined for each cohort?

The Basic Retirement Sum (BRS) takes reference from a person's expenditure from a lower-middle retiree household, according to the latest Household Expenditure Survey (HES). It assumes that the member owns a property that lasts him up to 95 and he does not need to pay rent in retirement.

The Full Retirement Sum (FRS) is set at two times of the BRS.

The BRS or FRS you need to set aside depends on when you turn 55 and is fixed for the rest of your life.

Find out why the retirement sums are adjusted yearly for successive cohorts.