Fireice the bitch ,
PAP IB not welcome to post in this thread.
USFI
In his response to retirement questions in a public forum on the
National Day Rally’s speech, Manpower Minister Lim Swee Say said
that he is introducing new options for Singaporeans to delay their
CPF withdrawal age up to 70 years old, so they can enjoy higher
monthly payout. Calling it “the best of both worlds”, Minister Lim
Swee Say encourage Singaporeans to work until 67 years old and
beyond:
“Starting from next year we are going to offer CPF members the
option,” said Mr Lim. “They can exercise, at any age between 65 and
70, when they want to start drawing down their CPF. The longer the
delay, the higher the monthly payout.
Under this framework, Singaporeans today can have the best of both
worlds. On one hand they can continue to work for as long as (they
like) until 67 and beyond. At the same time, they can defer their
CPF drawdown age on a voluntary basis.”
Retirement-related issues from CPF policies is
Singaporeans’ major concern this election. Many Singaporeans have
questioned the rationale of working beyond 55 years old and not
being able to draw down their retirement because the ruling party
PAP government keeps raising Minimum Sum and Withdrawal Age.
Recently, Prime Minister Lee Hsien Loong raised the re-employment
age to 67 years old prompting fears that CPF Withdrawal Age will be
raised to 67 too. The Prime Minister said that he has been hearing
calls from Singaporeans saying they want to work longer and beyond
their retirement.
