[sgbuffett]

can choose meh ?

i thought CPF Life is mandatory ?

i will be for sure...............with CPF Life, they no need pay any more interests at age 65yo.................

anyway, if people are in their 20-30s today................no need worry................CPF will collapse before they retire.............paying compound interests on an ever-growing sum is an impossible situation...............especially when GIC and Temasek had been losing god knows how many billions all these years

What you said is not true for a simple reason.

The scheme pays in Singapore dollars which the govt can always print more if needs.

It does not adjust for inflation....and this can wipe you out jn terms of buying power but scheme will not collapse ...you suffer instead.

Instead of reducing risk the scheme merely pass the risk from govt to the people....exposing them to inflation.

$1300 q month to live on ....until you die? ...inflation can just wipe off buying power quickly.