Aug 1, 2011
Review cut-off age for CPF dependants' scheme
THE Dependants' Protection Scheme (DPS) aims to provide Central Provident Fund members and their dependants with financial help to tide them over the first few years should insured members become permanently disabled or die.
It was started many years ago, when the official retirement age was 55, and people got married and had children earlier.
Now that the retirement age has been raised to 62 and people get married and have children later, the DPS' cut-off age should be raised from 60 to at least 65 so it can remain relevant.
Lim Lee Siang (Madam)
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