Men can opt for No Refund 65 and get $90 more payout every month for life. But women do not have such an option. The highest payout for women is $590 which is $10 less than the existing system.
My wife is not very happy that she get “short changed” by the new CPF Life annuities scheme.
Will the CPF Life scheme go bust if all men choose the No Refund 65 and live beyond 85?