Martin Lee @ Sg

Missing CPF Monies?

I was reading a comment online the other day made by a person X that upon his wife’s demise, the CPF proceeds were not paid to him (can’t find the source now).

He checked with the parents of his spouse and they did not receive anything too.

CPF mentioned that the proceeds were paid out in accordance with the nomination made by the deceased but they were unable to reveal the identity of the nominees as it was part of their policy.

So there was no way for the person to know whom the money was paid out to or even to verify that the money was paid out in the first place.

If this story was true, I think it’s a policy that definitely needs to be tweaked!

While there is a need to protect the confidentiality of any nomination made while a person is still alive, surely the immediate next of kin has a right to know where the money went to after the person has died?

The passing on of a loved one is already a highly emotional draining event and having this kind of thing happen would only serve to add more stress and burden on the person involved.