CPF Minimum Sum to be raised to S$139000
Central Provident Fund (CPF) members, of whom turn 55 this July and 30 June next year to set aside a minimum sum (MS) 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 changed over the years, inflation, longer life expectancy and the growing expectations of the Singapore of the quality of life after retirement.
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