Compulsory Annuity

Dear Mr Tan,

I refer to the government proposed compulsory annuity for those below 50 years and payable after 85 years.

How will this be fair to those who are currently in poor health which will
impact their longevity? What is the criteria for poor health, if such people can be exempted from the scheme?

Although in theory and policy it looks good, is it practical and fair to implement and administer such a scheme which is across the board?

REPLY:

I do not have the solution to your particular situation. Anyway, the compulsory scheme will only take effect in 15 years time. It may be too early to declare that a particular person is in poor health.