Source: Today https://www.todayonline.com/singapore/explainer-why-interest-retirement-accounts-not-accrued-once-cpf-life-payouts-start-and-how-much-will-your-family-get-when-you-die-2371906
In simple terms, CPF Life is a “pot of money that we all put together” to cover members’ retirement needs, said Mr Christopher Gee, senior research fellow and deputy director at the Institute of Policy Studies (IPS).
“(CPF Life) is not designed for bequest purposes. We are living longer and need a more adequate annuity plan. With a larger number of singles, bequest motives become weaker, lifelong retirement income needs become stronger,” said Assoc Prof Tham.
政策研究所（IPS）高级研究员兼副所长克里斯托弗-吉（Christopher Gee）先生说，简单地说，中央公积金人寿保险是 “我们大家凑在一起的钱”，用于满足会员的退休需求。
“（公积金人寿）不是为遗赠目的而设计的。我们的寿命越来越长，需要一个更充分的年金计划。谭副教授说：”随着单身人数的增加，遗赠动机变得越来越弱，终身退休收入需求变得越来越强烈。
Join us at Property owners community. Telegram @SgPropertiesForum
Link to our Telegram group https://t.me/SGpropertiesforum