Don't blame the people for CPF rumour

Netizens have raised concerns over a recently circulated letter from the Central Provident Fund Board, which some have misunderstood as the Government raising the default payout age from 65 to 70.
Netizens have raised concerns over a recently circulated letter from the Central Provident Fund Board, which some have misunderstood as the Government raising the default payout age from 65 to 70.PHOTO: ST READER

The people should not be blamed for starting the rumour about Central Provident Fund (CPF) payout being delayed till the age of 70 (CPF Board refutes claims that payout age raised; Jan 20).

And it is true that if a person does not do anything, then the payout will indeed start at the age of 70.

If the payout is supposed to be at the age of 65, then that should be the default age, and anyone who wants a later payout should have to indicate to the CPF Board that they want it at a later age.

It is the CPF Board's actions that have caused the people to once again say that the Government is trying to hold back the money of Singaporeans.

Madam Quek Gek Soo

A version of this article appeared in the print edition of The Straits Times on January 23, 2019, with the headline 'Don't blame the people for CPF rumour'. Print Edition | Subscribe