Monday, December 05, 2016

CPF payment to retirees

Dear Mr. Tan
I follow your writings on facebook and agree with most of your views and observations. I like to hear your view on payouts made by CPF board for retirees. I find it queer that the board only transfer money to the bank accounts of its members on the 4th "working" day of each month. This means that CPF members will get their money on a variable date. It could be paid as late as the 8th of the month, if 1st is on Saturday, 2nd on Sunday and 3rd and 4th are holidays. Anyway, payments will be not be fixed! It may be on the 4th, 5th, 6th, 7th or 8th day of the month. Payments made by citizens to the government for rates and taxes are always fixed on a particular day, say property tax must be paid on the 5th of the month and not the 5th "working" day. We also get our wages on a fixed day of the month. Thanks.

I agree with you. CPF Board should pay on a fixed day in the month, rather than use the 4th "working day".

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