After thinking much about the CPF, minimum sum scheme, and getting the views of other people, my conclusions are:
1. The CPF is generally a good scheme
2. The minimum sum scheme is a good feature, as it requires people to keep some savings for the future
3. The current level of the minimum sum scheme, with 50% to be pledged in property, is reasonable
4. The member at age 55 should be allowed to withdraw up to one-third of their savings and this can take higher priority over the minimum sum. This will reduce the monthly payout at age 55, but it is the choice of the member.
1. The CPF is generally a good scheme
2. The minimum sum scheme is a good feature, as it requires people to keep some savings for the future
3. The current level of the minimum sum scheme, with 50% to be pledged in property, is reasonable
4. The member at age 55 should be allowed to withdraw up to one-third of their savings and this can take higher priority over the minimum sum. This will reduce the monthly payout at age 55, but it is the choice of the member.
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