Accordine to the report, there are 12 options.
Refund 65 and no-refund 65
Refund 70 and no-refund 70
Refund 75 and no-refund 75
Refund 80 and no-refund 80
Refund 85 and no-refund 85
Refund 90 and no-refund 90
Do not be confused by the above formulas.
The word " REFUND " means when the CPF member dies early, balance money in the retirement account will go back to his family.
NO-REFUND means when the CPF member dies, no matter how much money he may have in his retirement account goes back to the insurance pool.
The figure 65,70,75,80,85,90 means the age when we are supposed to start drawing a monthly payment from our retirement account.