CPF withdrawal age up to 65

[morsid]

perhaps they overspent our CPF money, may be losing money in overseas investment. In which we are not aware of because the media only paints rosy pictures.

Talk about investment the interest for the cpf money is quite low and fix which don't even enough to cover the interest rate of hdb...if basing on media report the interest should be higher...for the $100k to $500k investment the interest should be quite a lot if base on open market.

[tom]

 ....Is there a little mixup here.........correct me if I am wrong.

Personally I think the withdrawal age for our CPF still remains at age 55. Once we withdrew our CPF money, $100,000 ( one hundred thousand ) is  set aside for our retirement account. ( base on 2007 )

When we reach age 62, we will then withdraw a monthly sum ( about near $ 400 ) till the $100000 is used up. Today the authority is talking about raising the age limit from 62 to 65.

As years go by, I think more money will be chanelled into our retirement account to pay for our daily expenses after retirement.  They expect us to look after ourselves. This is our business, not theirs. 

[hansolo76]

this must be the only country in the world to pay its leaders so much money and not expect them to make it their business to take care of us till death 

....Is there a little mixup here.........correct me if I am wrong.

Personally I think the withdrawal age for our CPF still remains at age 55. Once we withdrew our CPF money, $100,000 ( one hundred thousand ) is  set aside for our retirement account. ( base on 2007 )

When we reach age 62, we will then withdraw a monthly sum ( about near $ 400 ) till the $100000 is used up. Today the authority is talking about raising the age limit from 62 to 65.

As years go by, I think more money will be chanelled into our retirement account to pay for our daily expenses after retirement.  They expect us to look after ourselves. This is our business, not theirs. 

[Alaska]

this is the only country that has worst than all those countries that prone to pollution, At least the citizens there know what they are exposed to.

In here, don't even know what we are exposed to, especially our own money disappeared for no reason. Even died also can't see the money.