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When will the auto annuitisation of non-withdrawable Ordinary and Special Account savings into CPF LIFE monthly payout take effect?

The auto annuitisation of non-withdrawable Ordinary and Special Account savings will take effect from October 2023 to make it easier for existing CPF LIFE members to enjoy higher monthly payouts. It is applicable to existing CPF LIFE members who have started receiving their CPF LIFE payouts but have not met their Full Retirement Sum.