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CPF review: More details on fund's flexibility, Minimum Sum in 2 weeks

Published on Aug 29, 2014 9:56 AM
Manpower Minister Tan Chuan-Jin addressing last night's forum organised by government feedback unit Reach. A panel will finalise its review of areas that are in need of improvement under the CPF scheme. -- PHOTO: REACH

Singaporeans will have a better idea of what the Government envisages for the Central Provident Fund (CPF) in the next two weeks, when an advisory panel is formed to review proposed areas of improvement.

Manpower Minister Tan Chuan-Jin said that among the issues being considered are increasing the degree of flexibility for withdrawals of the savings, addressing the uncertainty surrounding the Minimum Sum and boosting support for the elderly.

Mr Tan made the point last night when addressing 140 people at a public forum on Prime Minister Lee Hsien Loong's National Day Rally speech.

The session, organised by government feedback unit Reach, was held at *Scape and moderated by Reach chairman Amy Khor, who is also Senior Minister of State for Health and Manpower.

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