Why are my total CPF contributions used as a reflection of my lifetime wages in the assessment of eligibility of the Silver Support Scheme?
CPF contributions are proportionate to a person’s wage. They thus serve as an indicator of one’s ability to save.
We will look at the senior’s total CPF contributions by the age of 55 to assess his/her eligibility for the Silver Support Scheme. This refers to the sum of contributions to the Ordinary Account (OA) and Special Account (SA), as well as any CPF savings that had been withdrawn for housing, investment and education.