What you need to know about CPF retirement sums, payouts

When can payouts start? How long will they last? Here are the answers to these and more

The CPF Maxwell Service Centre. Since January, the CPF Board has started offering the CPF Retirement Planning Service to all members who reach the payout eligibility age of 65 years. These face-to-face meetings are held at any of the five CPF service
The CPF Maxwell Service Centre. Since January, the CPF Board has started offering the CPF Retirement Planning Service to all members who reach the payout eligibility age of 65 years. These face-to-face meetings are held at any of the five CPF service centres islandwide.ST FILE PHOTO

The nest egg that members set aside in their Central Provident Fund (CPF) Retirement Account will be used to provide them with monthly payouts once they reach their payout eligibility age (PEA). This is 65 years old for those born from 1954 onwards.

Recently, some CPF members were confused about when they can start receiving their monthly payouts.

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A version of this article appeared in the print edition of The Sunday Times on March 03, 2019, with the headline 'What you need to know about CPF retirement sums, payouts'. Subscribe