What happens to SA after you hit 55?

So:

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Title question - SA monies will go to form your Retirement Account Balance up to the Full Retirement Sum for that year. If there is any balance left in SA, the rest can be withdrawn.

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Description -

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1. SA monies can be withdrawn if the RA balance meets the FRS amount for that year. If it already did meet at 55 and you did not touch it, it should remain this way.
2. Suggest if you wish, you can do a withdrawal of $8,000 from OA and to a cash top up of RA to get some tax relief if they are still working.
3. As for whether they should, remember that RA will form the basis of a key pillar in CPF Life that they will enjoy soon. If they need that income stream, then it's better to do the transfer. If not, they choose to let it sit in CPF instead in OA, because the withdrawability will become more valuable than the 1.5% interest minimum gain.

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If your parents wish to earn higher interest and boost their monthly payouts, they can transfer additional savings in their SA, followed by savings in their OA, to their RA, or make a cash top-up to their RA, up to the current Enhanced Retirement Sum.