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SINGAPORE – A Facebook post by a 72-year-old man on how he had to resort to being a Grab driver after getting only $575 of Central Provident Fund (CPF) payouts a month has gone viral, prompting the CPF Board to rebut his claims in a Facebook post on Sunday (Oct 27).
The Board said the man, Mr Clifford Theseira, had failed to present a full reflection of his circumstances.
“Mr Theseira had withdrawn a total of about $140,000 from his CPF since turning 55. If Mr Theseira had not done so, his monthly payout could be more than $1,000 per month,” the Board said.
“In addition, Mr Theseira co-owns a 5-room HDB flat which is fully paid up,” it added.
Mr Theseira had said, in his post on Sept 24, that despite having around $60,000 in his Medisave, his monthly CPF payouts amounted to only $575.
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