About 7,000 members on CPF Life will also see higher monthly payouts if they have savings in their Ordinary and Special Accounts that cannot be withdrawn in a lump sum.
The CPF Board on Wednesday also announced that about 7,000 members and future members on CPF Life will see higher monthly payouts if they have any savings in their Ordinary and Special Accounts that cannot be withdrawn in a lump sum.
"If they have not set aside their cohort Full Retirement Sum, such inflows may not be withdrawable in a lump sum and are meant to be streamed out as monthly payouts," said the CPF Board.
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