This table shows how the CPF Minimum Sum increases over the years from 2003 - 2013.
The CPF Board has also announced new changes to the CPF Minimum Sum with effect from 1 July 2014.
Basically, the new CPF Minimum Sum will increase from $148,000 to $155,000. As what the government has mentioned, this CPF Minimum Sum will be increased on the yearly basis.
Can CPF really help us for retirement? Given the aging population of Singapore, can the original intention of introducing CPF help the ordinary folks to survive through their golden years?