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  1. Eligibility conditions and payment
    1. Members with a reduced life expectancy (RLE) due to medical conditions, as certified by an accredited doctor* (from public hospitals, polyclinics or a specialist), may apply to withdraw some of their CPF savings. Severe medical conditions that cause members to be permanently unfit for work or to lack mental capacity permanently can also be considered.
      *If the member’s doctor is not from public hospitals, polyclinics or a specialist, an independent assessment will be required from the Board’s panel of doctors.

    2. Depending on the extent of the member's reduced life expectancy and CPF balances, the member may withdraw
      1. a lump sum of $5,0001 or more from his Ordinary, Special and/or Retirement accounts; and/or
      2. MediSave Account (MA) savings after setting aside the minimum balance in his MA to ensure he has sufficient savings for his healthcare expenses.

      The member may also need to set aside a reduced Retirement Sum (RS)2 in his Retirement Account (RA)3 from which he will receive monthly payouts4. The member will continue to receive monthly payouts from his Special Account (SA) first, followed by his Ordinary Account (OA) when his RA savings are depleted.

    3. If the application is approved, the lump sum withdrawal rules at payout eligibility age will not be applicable to the member.

    4. The member will stop receiving payments under the RLE if the Board is satisfied that he no longer meets the withdrawal conditions.

      1 Excludes monies received under the Retirement Sum Topping-Up Scheme (RSTU) and Matched Retirement Savings Scheme.

      2 Only (i) cash balances that the member set aside in his RA as at RLE approval, and (ii) after RLE approval, any top-up(s) under RSTU Scheme credited to his RA directly, any disbursement from SA and OA under paragraph b above and the transfers to his RA under section 2 and 3 will contribute to determining the reduced RS he has set aside in cash.

      3 For a member who has used his RA monies to purchase an annuity, and if the RA monies used is equal to or more than the reduced RS, then he may withdraw his remaining RA monies (if any). Otherwise, he is required to set aside in his RA in cash, the difference between the reduced RS and the RA monies used for the annuity purchase. For a member who has an annuity not purchased with his RA monies or pension, which provides him with monthly payouts that is equal to or more than the maximum monthly payouts of the reduced RS, then he may withdraw all his RA monies (if any).

      4 The member’s monthly payout rate is determined by the following formula:

Cash balance set aside

(including top-ups) in RA

 

 

X

 

Maximum payout rate 

applicable to the member’s cohort

Reduced RS applicable

to member’s cohort

 
  1. Subsequent CPF contributions/refunds/inflows
    1. If the member is required to set aside a reduced RS in his RA, when you apply to withdraw any subsequent CPF contributions/refunds/inflows from the Member’s CPF OA and SA under the RLE, the monies may be paid as follows:
      1. if the member has not previously received a total lump sum of at least $5,000 under the RLE, he will be paid the remainder of $5,000. His OA and SA savings will be transferred to his RA to meet the reduced RS (if applicable), and he will be paid any excess after meeting the reduced RS. If he has already met the reduced RS, he will be paid all the balances in his OA and SA.

      2. if he has previously received a total lump sum of at least $5,000 under the RLE, his OA and SA savings will be transferred to his RA to meet the reduced RS (if applicable), and he will be paid any excess balance after meeting the reduced RS. If he has already met the reduced RS, he will be paid all the balances in his OA and SA will be paid to him.
         
    2. The monthly payouts may be adjusted after each transfer of the member’s CPF contributions/refunds/inflows to/out of his RA.

    3. If the member is not required to set aside a reduced RS in his RA, when you apply to withdraw any subsequent CPF contributions/refunds/inflows from the member’s CPF accounts under the RLE, he will be paid all the balances in his OA and SA, as well as his MA savings after setting aside the minimum balance in his MA.
       
  2. Properties purchased using CPF savings
    1. If the member is required to set aside a reduced RS in his RA, upon the sale of the member’s property and crediting of the housing refund to his CPF accounts, the housing refunds will first be transferred to his RA to meet the reduced RS (if applicable). When he applies to withdraw the monies from his OA and SA under the RLE, he will be paid any excess after meeting the reduced RS. If he has already met the reduced RS, he will be paid all the balances in his OA and SA. If he has not previously received a total lump sum of at least $5,000 under the RLE, he will be paid the remainder of the $5,000.