Booby Trap in CPF Nomination Scheme ?

For your info and action...regarding your CPF money.

I believe many of us are not aware of this as I don’t remember receiving any letter(s) from CPF Board on this. I have just check with CPF Board website & this is the truth. So I  suggest all of you to review your CPF nomination(s)  & amend it to cash distribution.

Everybody please note that when we kick the bucket, all our balanced CPF money will not be automatically deposited into our nominated NOK bank account in CASH.

CPF board will instead send all your balanced CPF money to your nominated NOK CPF MEDISAVE ACCOUNT.

There is a separate form to be filled if cash or cheque is required.
*So better know this....* *Die die they don't give to Next Of Kin the CASH...But WILL PUT IN TO THEIR MEDISAVE ACCT... UNLESS U READ UP THE FINE LINES. WE NEED TO FILL UP ANOTHER FORM WHICH MANY ARE NOT AWARE OF THAT!!!!*
https://www.cpf.gov.sg/Members/Schemes/schemes/other-matters/cpf-nomination-scheme

Better go check if our nominations are cash ones

Please circulate to families, friend and colleagues.

But wait.....here is the government's reply to the above allegations.

Gov.sg clarified that there is "absolutely no basis" for this rumour and said CPF savings will be given to one's nominees in cash via cheque or GIRO by default.

"This is unless you have opted for a different type of CPF nomination," it said.

Gov.sg said in its post that the rumour is just a variation of a false claim that first surfaced in 2012 and was debunked then.

A CPF nomination gives CPF members the option to specify who will receive their CPF savings, and how much each nominee should receive, upon their death.

If a CPF nomination is not made, the member's CPF savings will be transferred to the Public Trustee's Office (PTO) for distribution to his or her family members under the Intestate Succession Act, or the Inheritance Certificate (for Muslims).