Tag Archives: Lump Sum

NUS PROF: CPF “REFORMS” ARE COSMETIC CHANGES PANDERING TO POPULIST DEMANDS

What of the increased flexibility of allowing lump sum withdrawals of the Minimum Sum at age over 65 years? To my mind, that is merely a cosmetic change that seems to pander to popular demands. Allowing this may not be in the best interest of most CPF contributors as any lump sum withdrawn means correspondingly lower amounts of retirement income for the individual. It does not address the fundamental issue of the retiree not having enough in CPF savings.

Read More »