30 May '12, 4am

CPF Minimum Sum to be raised to S$139,000

SINGAPORE - Central Provident Fund (CPF) members who turn 55 between July this year and Jun 30 next year have to set aside a Minimum Sum (MS) of S$139,000, higher than the S$131,000 last year. The CPF Board and Ministry of Manpower (MOM) said in a statement today that the MS has been adjusted over the years to account for inflation, longer life expectancies and Singaporeans' rising expectations of their quality of life after retirement. They said that since 2004, the MS has been increased by S$4,000 each year to reach S$120,000 in 2013, as recommended by the Economic Review Committee in 2003. The actual increases in MS are also adjusted for inflation each year, and therefore have to be more than S$4,000 a year since the increase must account for inflation between 2003 and the time the increase is made. The S$120,000 target in 2003 dollars is also adjusted for inflation bet...

Full article: http://www.todayonline.com/Singapore/EDC120530-0000100/CP...

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CPF, Medisave minimum sum to be increased

CPF, Medisave minimum sum to be increased

straitstimes.com 30 May '12, 3am

CPF members, who turn 55 between July 1 and June 30 next year will have to set aside a minimum sum of $139,000, up from $1...

CPF Minimum Sum to be raised to $139,000

CPF Minimum Sum to be raised to $139,000

straitstimes.com 30 May '12, 10pm

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sg.news.yahoo.com 30 May '12, 9am

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