The CPF LIFE Escalating Plan

Remember the days when we could catch a movie for just $5? That ticket costs much more today due to the effects of inflation.

Inflation diminishes the value of your money. The result is that one dollar buys less than it used to every year.

This can have a big impact on the money you have saved up for your retirement, especially when your retirement years can span 20 years or more due with an increasing life expectancy.

For those who wish to preserve the purchasing power of your retirement payouts, the CPF LIFE Escalating Plan introduced in Jan 2018 may be of interest to you.

Unlike the current CPF LIFE Standard and Basic plans that offer level monthly payouts throughout a member’s life, this Escalating Plan starts with a lower initial payout that increases by 2%1 per year.

However, the monthly payout of the Escalating Plan would eventually exceed the monthly payout of the Standard and Basic plans in later years due to the annual increments.

The CPF LIFE Escalating plan is now available and all CPF LIFE members can choose to switch to this new plan by 31 December 2018. For more information, visit cpf.gov.sg/cpflife.

The 3 CPF LIFE plans at a glance

Watch this video to learn more about the CPF LIFE escalating plan

To find out your CPF LIFE monthly payouts and bequest for the 3 different CPF LIFE plans, use our CPF LIFE Payout Estimator.



1As with all CPF LIFE plans, payouts may be adjusted to account for long-term changes in interest rates or life expectancy. Such adjustments (if any) are expected to be small and gradual.


Note: Payouts in the video are estimates based on a member profile with a Retirement Account balance of $150,000 at 57 years old in February 2018.

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