CPF Advisory Panel Recommendations

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17 February 2015


The CPF Advisory Panel was appointed by the Ministry of Manpower in September 2014. The CPF Advisory Panel will study these areas:

  1. How the Minimum Sum should be adjusted beyond 2015 in order to meet the objective of delivering a basic monthly retirement payout for life.
  2. How to enable CPF members to withdraw more as a lump sum upon retirement, and the circumstances for their doing so, taking into consideration the impact on retirement adequacy for different groups.
  3. How to provide an option for members who prefer CPF payouts that are initially lower but rise with time to help with increases in the cost of living; and
  4. How to provide more flexibility for members who wish to: 
    1. Seek higher returns while balancing the higher investment risks involved, through private investment plans
    2. Invest in private annuities when they retire as an alternative to CPF LIFE.


Executive Summary of the Panel’s Report (PDF, 0.3MB)


Read the full details of the Panel’s recommendations


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Your CPF: More Flexibility, More Options (PDF, 2.7MB)

Chinese (PDF, 4.0MB), Malay (PDF, 2.8MB), Tamil (PDF, 2.9MB)