30 Jul '11, 2am

"This is not the first time that CPF policies have been changed without anyone knowing about it – no announcement...

"This is not the first time that CPF policies have been changed without anyone knowing about it – no announcement...

“My father turned 55 in 2005. During that time, he was allowed to withdraw the full amount of CPF he had in his ordinary account, which he did. However after doing so, CPF board has been constantly sending him letters asking him to top up his Medisave account. My Father refused to as he felt that the money would not be useful. Because, even if you maintained the minimum sum required for the MA, at any point if you were to use it for medical purposes, you would have to put in cash to top it up to the minimum sum. Which is why my Father feels that it is not necessary to top up his MA Acc.

Full article: http://theonlinecitizen.com/2011/07/cpf-leave-at-55-at-yo...

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