SG Talk

Why no mention of CPF Life Basic Plan in TODAY’s interest absorption article? 

Leong Sze Hian questions why Today's piece on CPF Life missed discussing the Basic Plan, which diverges significantly from the Standard Plan by not absorbing post-age 65 interest into the pool upon death.

https://gutzy.asia/2024/03/01/why-no-men...n-article/

I believe govt will get rid of Basic Plan soon. Because if you die at age 80 under standard plan you family get zero....under basic plan your family still receive 100K.

The monthly payout difference standard is $100+ higher than Basic plan ...

So the govt wants more people to enter standard plan to lose their interest in the common pool when they die rather than give to family.

That js why the article does not mention Basic plan so that ordinary people will gk for standard plan.

The 100k all spent Liao so can close