There is a message being circulated around social media claiming when Central Provident Fund (CPF) members pass away, their saving would be dispensed to their nominees in cash and not transferred to their Medisave account. This is actually untrue based on the government website on 17/6 saying the message that is being passed around on WhatsApp, SMS and social media.
The untrue note mixing on WhatsApp, SMS and social media. “The fact is, by right, your nominees will collect your CPF savings in cash when you pass away. This is unless you have opted for a different type of CPF nomination,” it said.
The post further added that the hearsay was a deviation of an alternative untrue claim that raised in 2012.
It added that a CPF selection gives CPF members the choice to agree who will get their CPF savings upon their death, and how much each nominee should get.
More details on what a CPF nomination covers, and the types of CPF nomination available, can be found on the CPF website.