Full Retirement Sum 2024. In 2025, singapore’s cpf reforms will raise the retirement age to 65 and also increase the retirement sums. The enhanced retirement sum (ers) in 2024 is $308,700.
From 1 january 2025, the enhanced retirement sum (ers) will be raised to four times of the basic retirement sum to allow members 55 and above to save more in the retirement. Full retirement sum (frs) most singaporeans will work towards this ideal amount as the frs looks to safeguard your future daily expenses and accounts for future accommodation costs.