Tweaks to CPF - more flexibility

THIS WEEK'S TOPIC: Do the proposed Central Provident Fund changes go far enough to address the issue of retirement adequacy? Are there any other measures that should be considered?

Florence Ng

Managing Director, Founder

Straits Talent Pte Ltd

THE latest proposed CPF changes live up to my expectations, as an interested stakeholder, of providing us with more options. This is as important as the issue of retirement adequacy, which is subjective - after all, how long is a piece of string? How we choose to live our golden years varies - with fine dining, golf, luxury cars, private property and private healthcare at one end of the rainbow, and, in contrast, hawker meals, public transport, a modest lifestyle and subsidised public healthcare at the other end. It is heartening to have the proposed suite of choices at age 55, and yet again at 65. However, a decade is a very long time at that stage in our life cycle. For those wh…