[Sent by MOM – 2 Nov]
CPF Amendment Bill 2021 was passed in Parliament today.
The CPF system will be simplified to:
Help members build up their retirement nest egg
Receive their retirement payouts smoothly
Streamline the administration of CPF schemes
There are no changes to the CPF withdrawal rules and payout ages. Details on the CPF Amendment Bill 2021 can be found at cpf.gov.sg/CPFAA.
