CPF Advisory Panel
The CPF Advisory Panel was appointed by MOM in September 2014. The Panel will study possible enhancements to some key aspects of the CPF system, to make it more flexible to meet the needs of more Singaporeans and provide additional options in retirement.
Members of the Panel
The CPF Advisory Panel is chaired by Professor Tan Chorh Chuan, President of the National University of Singapore. The Panel members include academics, financial industry practitioners, and community representatives from the unions, social sector and grassroots, to provide a broad diversity of views on the enhancements under consideration.
List of Panel members : http://www.mom.gov.sg/~/media/mom/documents/press-releases/2014/annex%20-%20composition%20of%20the%20cpf%20advisory%20panel.pdf
Terms of Reference of the Panel
The CPF Advisory Panel will study these areas:
How the Minimum Sum should be adjusted beyond 2015 in order to meet the objective of delivering a basic monthly retirement payout for life.
How to enable CPF members to withdraw more as a lump sum upon retirement, and the circumstances for their doing so, taking into consideration the impact on retirement adequacy for different groups.
How to provide an option for members who prefer CPF payouts that are initially lower but rise with time to help with increases in the cost of living.
How to provide more flexibility for members who wish to:
Seek higher returns while balancing the higher investment risks involved, through private investment plans.
Invest in private annuities when they retire as an alternative to CPF LIFE.
I want to know more about:
X. Why can't we tap on CPF for our other needs?
II. Why can't I withdraw all my CPF when I reach 55?
III. Why does the Minimum Sum keep increasing, and will it continue to go up?
IV. What happens at age 55? How much can we withdraw from our CPF?
V. Can we use our property to help us withdraw more from our CPF after age 55?
VI. When can we receive monthly payouts?
VII. Can we still use our CPF monies to service our housing loans after we turn 55?
VIII. How much is the Government paying on our CPF Ordinary Account?
IX. How are CPF monies invested?
What is the role of CPF?
I. CPF & You
How do I use my CPF savings for investment?
More info on: https://www.cpf.gov.sg/members/bptopics/bp-topics/cpfis
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