Enjoy Higher DPS Coverage At No Extra Cost Now! Breeze Through CPF Services With EASE How to Access CPF Online Services Withdraw Your CPF At Your Convenience Quick & Easy Last Chance To Withdraw Profits At A Glance Contact us   Enjoy Higher DPS Coverage At   No Extra Cost Now!   Good news, you’re now enjoying higher protection at no extra cost under the Dependants’ Protection Scheme (DPS)! This optional term-life insurance scheme gives financial protection to about 1.54 million CPF members and their families.   As of June 28, the DPS sum assured has been increased from $36,000 to $44,000. At the same time, those who are already insured with us will get a special one-off bonus of between $1,500 and $4,000 added to their DPS sum assured. What’s more, these additional benefits are being given to you without an increase in the DPS premiums. You’re reaping the benefits as DPS claims have been lower than expected, while the Board has also been able to maintain low administrative costs.   What does this mean for you? If you’re covered on 28 June 2003: Your insurance cover will be increased proportionately, up to $44,000. In addition, you’ll also receive your one-off bonus. The bonus depends on the number of years you've been insured with the scheme. If you only join the scheme after 28 June 2003: You’ll be insured for $44,000. Don’t wait! If you’re partially covered, top up your cover now to enjoy the maximum benefits from the scheme. You can do so online at www.cpf.gov.sg, or call us at 1800-227 1188 (Code 6) to request that an application form be sent to you. If you’re not covered under DPS, go to www.cpf.gov.sg now to apply for one, or call us at 1800-227 1188 (Code 6) to request an application form. To check the details of your DPS cover, log on to www.cpf.gov.sg from mid-July to access your January-June 2003 CPF Statement of Account. Or, you can wait for the physical Statement of Account to be sent to you in the next few weeks. DPS covers CPF members and their families against physical/mental incapacity or death, up till age 60. Since its 1989 launch, more than $779 million has been paid out to some 22,731 families. If you have queries, please call 1800-227 1188 (Code 6), or e-mail Insurance@cpf.gov.sg.   For more information on the Dependants' Protection Scheme, click here.     BREEZE THROUGH CPF SERVICES WITH EASE   Like to spare yourself the hassle of queuing up at our offices? Simple, just go “e”. Now, just about everything you need to do with your CPF account can be performed online any time, anywhere!   All you need is your SingPass ID* and SingPass (an alphanumeric password), and you’ll be able to transact with the Board via our E-Application Service (EASE). With CPF EASE, you’ll have access to more than 90 different CPF transactions and services online, including: Updating of contact information Opting in to view your half-yearly Statement of Account online** Applying for various CPF Schemes, including MediShield/MediShield Plus and the Home Protection Scheme   CPF is just a click away, so don’t wait, log on to www.cpf.gov.sg and let your fingers do the work.   * For Singaporeans, please key in your NRIC number; for non-Singaporeans, please key in your CPF account number or FIN number.   ** No Internet access? Go now to any of the 22 e-Clubs located island-wide to opt for your online Statement of Account. Call 6340-5354 for locations.   HOW TO ACCESS CPF ONLINE SERVICES* * You can now transact with us via my cpf Online Services. Click here to see an Online Demo.     Withdraw Your CPF     At Your Convenience   Imagine how handy it will be to withdraw your CPF at your leisure. Just use EASE in the comfort of your home to apply for withdrawal of your CPF on reaching age 55. You can also issue a Standing Order, via our e-services, to pay you whenever you become eligible for withdrawal. And with SingPass, you can be confident that your e-transaction will be secure and smooth.   Note: This service is only available to those with POSBank accounts at present.       QUICK & EASY       Mr Bernard Law, Chief Operating Officer/Director (Sales & Marketing), NTUC Media Co-operative Ltd and UnionWorks Pte Ltd. He has used the Board’s online services since its introduction in 1997.   “At least once a fortnight, I use CPF’s e-services to read up on various schemes and keep myself updated on the Board in general. I also check my balances on a regular basis. I’ve gone “e” in my dealings with CPF because it’s fast, convenient and seamless.”       LAST CHANCE TO WITHDRAW PROFITS       You have up to 30 September 2003 to withdraw half your net realised profits made on investments under the CPF Investment Scheme-Ordinary Account and discounted Singapore Telecom (ST) shares. No profit withdrawals will be allowed from 1 October 2003. Profits not withdrawn will be retained in your Ordinary Account. With profit withdrawals being discontinued, CPF members will be better able to build up their old age savings.       AT A GLANCE       Rise in Minimum Sum The CPF Minimum Sum has been raised from $75,000 to $80,000 as of 1 July 2003. This applies to members who reach 55 years on or after that date. You can pledge a property up to $40,000, but the remainder of $40,000 must be in cash in the Retirement Account. For more information on the Minimum Sum Scheme, click here. Higher Medisave Contribution Ceiling The ceiling for Medisave contributions has been raised, from $28,000 to $30,000, as of 1 July 2003. The retention sum has also grown to $25,000, up from $23,000. The contribution ceiling is the maximum savings a CPF member keeps in his Medisave Account. Any excess will be transferred automatically to his Ordinary Account. The retention sum is the amount a CPF member needs to set aside in his Medisave Account after withdrawing his CPF savings at 55. This sum is for healthcare needs in retirement. Don’t Wait, Make Your Nomination Today Enjoy peace of mind. Make your nomination now if you haven’t already done so. By making a CPF nomination, you can rest easy that your loved ones will receive your CPF nest egg on your death. If you don’t make a nomination, your CPF nest egg will be handed over to the Public Trustee for distribution to your family according to the prevailing law. To visit the nomination handbook, click here. Keep Us In The Loop! Please update us if your personal particulars change. If we have your latest personal details on record, you need only produce the relevant documents when you transact with us. You can notify us of any changes by sending us photocopies of the applicable documents, such as your Singapore Identity Card, foreign passport, deed poll, and so forth.       CONTACT US   Dependants' Protection Scheme 1800-227-1188 (Code 6) Insurance@cpf.gov.sg CPF Investment Scheme 1800-227-1188 (Code 4) Investment@cpf.gov.sg Medisave Scheme 1800-227-1188 (Code 6) Healthcare@cpf.gov.sg Minimum Sum Scheme 1800-227-1188 (Code 5) Retirement@cpf.gov.sg Nomination 1800-227-1188 (Code 1) Nomination@cpf.gov.sg