Debated in Parliament on 22 Feb 2023.
Mr Leong Mun Wai asked the Minister for Manpower (a) since 2018, what is the percentage of CPF members who have chosen to defer their monthly retirement payouts beyond the Payout Eligibility Age of 65 years; and (b) among the members who have (i) chosen to defer and (ii) not defer their monthly retirement payouts, what is the respective percentage of those who are still working.
Over the past five years, 66% of CPF members who reached their Payout Eligibility Age (PEA) have deferred the start of their monthly payouts beyond their PEA. Among these members, about 46% were working when they reached their PEA.1 For members who did not defer the start of their monthly retirement payouts beyond their PEA, about 58% were working when they reached their PEA.
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