Here is what had posted on the cpf web.
: If you reach 55 between 1 January 2011 and 30 June 2011, the following rules apply:
Cash balances in Ordinary and Special Accounts, and any balance above Medisave Minimum Sum (currently $34,500) in Medisave Account at 55
Amount which you can withdraw
$5,000 or less
All your cash balances
More than $5,000 but less than or equal to $25,000
$5,000. The remainder will be set aside in your Retirement Account*.
More than $25,000 but less than or equal to $153,750
20% of the cash balances. The remainder will be set aside in your Retirement Account.*
More than $153,750
All your cash balances after setting aside the CPF Minimum Sum of $123,000 **(from July 2010 to June 2011) and the prevailing Medisave Required Amount ($27,500 for 2011)
Or visit www.cpf.gov.sg to read more.
http://forum.channelnewsasia.com/viewtopic...sc&start=10