CPF Life payout are not guaranteed

Dear Mr. Tan,

I have read articles in the newspaper and was quite convinced that I could get a "higher" monthly payout if I continue to ensure I have a big sum of money in my Retirement Account.

However, my CPF friends recently told me that the monthly CPF Life payouts are based on estimates/ projections, just like what you see in a Benefit Illustration for an Endowment insurance policy.

These monthly payout values as illustrated in your articles and on CPF website are not guaranteed. I found the following fine print when I use the CPF Life Payout Estimator tool on the CPF website:

Read my reply here:
https://fisca.sg/ArticleDisplay.aspx?ID=613