The Central Provident Fund (CPF) Basic Retirement Sum (BRS) will rise by 3.5 per cent for the next five cohorts turning 55 from 2023 to 2027, Finance Minister Lawrence Wong said.

Commuted pension amount at Rs 75,000 average 10-month basic pay The estimated lump sum that the employee will get will be Rs 22,56,628.

Lump sum amount for employee with Rs 90,000 average basic pay, 26 years of service The lump sum amount that they will get at retirement will be Rs 7,16,040.