Focus group discussions to gather views on CPF changes

The Straits Times, 10 Nov 2014

A SERIES of focus group discussions will be held over the next few months to gather views from the public on how to enhance the Central Provident Fund (CPF) system.

Post by Are You Ready by CPF Board.

The feedback will help the CPF Advisory Panel, which is studying potential changes to the CPF system, better understand the needs of Singaporeans, a Manpower Ministry statement said yesterday.

The discussions will zoom in on four aspects of the CPF review:

- How to adjust the Minimum Sum beyond 2015;

- How to enable members to withdraw more CPF savings as a lump sum upon retirement;

- How to give members an option for CPF payouts that are initially lower but rise with time to help keep pace with inflation; and

- How to offer more flexibility for members to use private instruments to supplement or replace the CPF Life annuity scheme.

Details of the sessions, including how to sign up, are available at www.cpfpanel.sg.

Members of the public are also welcome to provide feedback on the areas under study by e-mailing cpf_panel@mom.gov.sg.