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:
- How the Minimum Sum should be adjusted beyond 2015 in order to meet the objective of delivering a basic monthly retirement payout for life.
- 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.
- 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
- How to provide more flexibility for members who wish to:
- Seek higher returns while balancing the higher investment risks involved, through private investment plans
- 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)
