Monday, May 10, 2010

Er, what is CPF Life?

CPF Life (Lifelong Income Scheme For the Elderly), a national annuity scheme providing members income streams for as long as they live. Four different plans with varying combinations of income payout is available - Life Basic, Life Balanced, Life Plus and Life Income. Monthly payout is not fixed as it will be adjusted yearly to take in factors like CPF interest rates and mortality experience.

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