Mr Oliveiro switches to part-time work to make more time for volunteering. He can choose to start his CPF LIFE payouts. The monthly amount is based on how much he has in his Retirement Account.
Since he is still earning some income, he decides not to start his CPF LIFE payouts yet. With each year that he defers , his monthly payout will increase by up to 7 per cent.
No later than age 70.
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