70,000 CPF members to get S$40mil in matched top-ups to their retirement accounts

Every dollar of cash top-ups made to eligible members will be matched by the Government, up to an annual cap of S$600. - ST

SINGAPORE (The Straits Times/ANN): Seventy thousand Central Provident Fund (CPF) members will receive about S$40 million in matching grants from the Government in January next year for cash top-ups made to their Retirement Account (RA) in the first half of this year.

The top-ups and matching grants will increase their monthly retirement payouts, said the CPF Board on Wednesday (Aug 18).