Tag Archives: Irene Yap

THAT OLD LADY AND HER CPF PART 2

My question then is: Why did the CPF not make an effort to contact her after 1998 when she didn’t respond to it on getting monthly payment? Or in 2012 when it didn’t hear from her after she queried? One wonders how many old people – Ms Yap is single – are in the same state. Maybe more effort should have been taken? Or would this be too much effort?

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PAP MP AMY KHOR: BUT WE HAVE BEEN TALKING TO MADAM IRENE YAP SINCE 2012 TO CLEAR HER DOUBTS ABOUT HER CPF MONIES!

"Thus, it is important for the Central Provident Fund Board to clarify any erroneous perceptions and address public concerns." Both Dr Khor and the CPF Board explained in their statements that the CPF Board had notified Ms Yap four months before her drawdown age in 1998 that she could apply to receive monthly payouts from her RA. The CPF Board said that Ms Yap was in contact with them subsequently to clarify some matters. In 2012, in response to some queries Ms Yap had, the CPF Board reminded her she could start her monthly payouts any time, or withdraw her RA savings in a lump sum, provided she had property to pledge.

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