To further boost her monthly payouts, Ms Pereira decides to start making small regular cash top-ups to her CPF Retirement Account. At 65, Ms Pereira switches to part-time work, giving her more time for her hobby. She chooses not to start receiving CPF LIFE payouts immediately, as she does not need the funds yet. For every year she delays the payouts, up to the age of 70, her monthly payout will increase by up to 7 per cent. At 68, Ms Pereira stops working. She opts for the CPF LIFE Escalating Plan and starts receiving monthly payouts.
