The Government have just introduced CPF Life.
It will be implemented in year 2013.
The government was concerned about the baby boomers – those in their late forties and early fifties now – when they retire.
The CPF Life scheme gives Singaporeans about the same amount of monthly retirement income as the CPF Minimum Sum payout.
The difference is that the annuity income under the CPF Life scheme is FOR LIFE whereas the payouts under the existing CPF Minimum Sum will last for only 20 YEARS.
Click below to learn more on CPF Life 
CPF Life Video (Watch A Video On CPF Life)
A Quick Guide to CPF LIFE – The National LIFElong Income Scheme (Download PDF Document)
Thank you
Fri, Feb 15, 2008
Insurance