Reason for Using Birth Date Rather Than Birth Year for CPF Payouts

Assoc Prof Jamus Jerome Lim asked the Minister for Manpower for the purposes of CPF payouts, why is the birth date rather than birth year being utilised, especially since the main milestone for participation into the economy, such as schooling and, subsequently, entry into the workforce, is based on the birth year.

Dr Tan See Leng: CPF Board uses birth month rather than birth year for the purposes of computing CPF payouts as this is typical industry practice for similar products.