I queued at the CPF Board at Bishan to ask “Since I have received your letter informing me that my monthly payout which is supposed to start at age 64, has been automatically deferred to start at age 70, unless I request otherwise – what is the higher payout that I will get from age 70?”
The staff’s answer: We can’t tell you the amount because it’s a projection.
Then I followed up with another question: “But if I wait 6 more years to start my payouts I would need to know how much more right?
She looked at her computer terminal again and replied: the amount is the same – just that it would last longer for more years.
But the letter I received says I will get more, the later I delay my payout to 70, 69, 68, 67, 66, 65 and 64?
Leong Sze Hian