SURPRISE, CPF DEFER MY PAYOUT BUT AMOUNT I RECEIVE STILL THE SAME!

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?"

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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
A.S.S. Contributor

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