30 May '12, 9am

CPF, Medisave minimum sums to go up: MOM #Singapore

(UPDATED: 31 May, 11am, corrected factual inaccuracies) Central Provident Fund (CPF) members who turn 55 between this July and June next year will have to set aside the minimum sum of $139,000 , the Ministry of Manpower (MOM) said. The new minimum sum is up 6 per cent from $131,000 last year. According to MOM, the amount has been adjusted over the years to account for inflation, longer life expectancies and Singaporeans’ rising expectations of their quality of life post-retirement. The government has explained that the CPF minimum sum scheme provides members with a monthly income to support a modest standard of living during retirement. Since 2004, the CPF minimum sum has been increased by $4,000 each year to reach $120,000 in 2013, as recommended by the Economic Review Committee in 2003. MOM also announced that from the start of July this year, the Medisave minimum sum (M...

Full article: http://sg.news.yahoo.com/cpf--medisave-minimum-sums-to-go...

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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 S$139,000

todayonline.com 30 May '12, 4am

SINGAPORE - Central Provident Fund (CPF) members who turn 55 between July this year and Jun 30 next year have to set aside...

CPF Minimum Sum to be raised to $139,000

CPF Minimum Sum to be raised to $139,000

straitstimes.com 30 May '12, 10pm

Central Provident Fund (CPF) members turning 55 between July 1 this year and June 30 next year will have to leave at least...

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