Did you know that in the developed world, the retirement age should be 95?
I kid you not. It is based on the fact that the original retirement age of 70 in Germany set in the late 19th century was more than the life expectancy of the then average German worker. Even when it was lowered to 65 in the early 20th century, this was a few years more than the average life expectancy of the German worker.
So to keep up with the changes in life expectancy, we (S’pore is in developed world) should be 95 before we get our CPF money.
Just a matter of time when yr CPF funds will only be available at 95, at least the portion that the employer funds. The employee’s side is forced savings, so shld be available earlier.
When the government changes the age of withdrawal, remember you first read it here.
Meanwhile remember how generous the government is: allowing you to withdraw at 55 and from 62 onwards.