Update to CPF Retirement Sums (BRS/FRS/ERS) Projection due to Singapore Budget 2024

This Opinion post first appeared in my blog here: https://pwlcm.wordpress.com/2024/06/09/update-to-cpf-retirement-sums-brs-frs-ers-projection-due-to-singapore-budget-2024/

Refer to the list of acronyms on CPF in the following blog posts: https://pwlcm.wordpress.com/2022/01/06/acronym-cpf/

I am a CPF Volunteer. If you find this blog post providing useful information about CPF matters and it leads you to using CPF online services, you may fill in my full name “Tan Choong Hwee” in the “Referrer Name” field in some selected CPF online services.

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One of the CPF changes introduced in Singapore Budget 2024 is the increase of Enhanced Retirement Sum (ERS) to 4 times the Basic Retirement Sum (BRS) from 2025 onwards:
https://pwlcm.wordpress.com/2024/02/23/singapore-budget-2024-highlights-on-personal-finance/

With that changes, the CPF Retirement Sums Projection is revised to the following table: