This is becoming a sore thumb. Many are grimacing at the inconsistency in the application of the two schemes, particularly the time for withdrawal. In one case it is withdrawing with pleasure and another with so much agony, so difficult to pull out with possibility of die standing and still trap inside. The unhappy CPF members are claiming that there is no logic that can be withdrawn at 55 and in a big way, while another at 62, in bits and drips, and probably stuck inside for a long, long time.
Actually the logic is plain and clear. It is the most logical thing to do so when the CPF savings are limited and exhaustible. You take out too much and too early, it will all be gone. In the case of pension, it is kind of unlimited, or at least the source of the fund is unlimited. So there is no problem withdrawing early even with big amounts. The stock will be replenished from the treasury. As for CPF savings, the person withdrawing his own money is not going to put in his own money to withdraw his own money later. You just can’t go on withdrawing from a fixed sum of savings without replenishing.
It is all about practicality and expediency. This should settle this contentious issue for all.