SINGAPORE: Under a new system announced in Parliament on Monday, all CPF members will receive higher interest payments.
Manpower Minister Dr Ng Eng Hen said about 70 percent of all CPF members will benefit from a new scheme in which a 1 percentage point additional bonus interest will be paid on the first S$60,000 in a CPF member's combined accounts.
Up to S$20,000 of this amount may be from the Ordinary Account.
Source.
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