Summary of PM Lees speech * Lumpsum withdrawals of CPF will be capped and cannot be excessive, and it should only be for those who have hit retirement age of 65, he said, adding that the purpose of the CPF scheme is to provide a steady income stream in old age. - See more at: straitstimes/the-big-story/national-day-rally-2014/story/national-day-rally-2014-wrap-pm-lee-changes-cpf-emphasis#sthash.fB3INkGM.dpuf * CPF Minimum Sum will be raised from $155,000 to $161,000 for those turning 55 next July. * The lease buyback scheme, which allows flat owners to sell a part of their home to the Government and receive a regular income in return, will be extended to 4-room flat owners. * A new Jurong Lake Gardens will be created in the western part of the island by combining the existing Japanese Garden, Chinese Garden and Jurong Lake Park. The upcoming peoples garden will also include a new Science Centre which will be completed around 2020. - See more at: straitstimes/the-big-story/national-day-rally-2014/story/national-day-rally-2014-wrap-pm-lee-changes-cpf-emphasis#sthash.fB3INkGM.dpuf #myMT Ideal Home SG Millie Tan
Posted on: Mon, 18 Aug 2014 05:06:15 +0000
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