Among Singapore residents aged 65 in 2006, 67% can expect to be alive at age 80 and 47% at age 85. This rising life expectancy means that about one in two CPF members would outlive their CPF savings in the old system, where payouts are given over 20 years.

With the launch of CPF LIFE in 2013, members will receive a monthly income from age 65 for as long as they live. CPF members, aged 50 or younger in 2008, who have at least $40,000 in their Minimum Sum at age 55, will be automatically included.

CPF LIFE is fair, affordable and provides flexible options so that members can choose the option that best suits their needs. In addition, when members pass on, any unused Minimum Sum will be paid to their beneficiaries.

For an estimate of the lifelong income payouts, check out the CPF LIFE Payout Estimator.

Additional information can be found at these resources:

	A Quick Guide to CPF LIFE
	CPF LIFE – Income For Life
	CPF LIFE – The Better Plan
	CPF LIFE – Income For Life From 65
	Report by the National Longevity Insurance Committee (NLIC)
	Frequently Asked Questions on CPF LIFE
	Frequently Asked Questions on L-Bonus
	CPF Reforms and Other Changes

Contact information

E-mail: CPF-LIFE@cpf.gov.sg
Hotline: 1800-LIFE-CPF (1800-5433-273)