When netizen Rahayu Bte Mazlan went to the Central Provident Fund (CPF) board to collect her late mother’s CPF money, she found that it did not receive any interest, even though her mother had passed away 31 years ago. According to her, it took them 31 years to review her mother’s account, and therefore after the review, the money did not accrue any interest.
CPF are you trying to fool me or mock at me after 31 years? Before I got kids till now I have grandkids Dunno to be happy or angry
Rahayu’s post was shared on Facebook page All Singapore Stuff. In her post, she shared a letter from the CPF Board and wrote, “My mum passed away in 1987. She nominated me as her beneficiary. Last wed, I received a letter from CPF that there is money in her CPF after CPF review”.
However, after going to CPF Board, Rahayu was advised differently. She wrote, “I went to CPF yesterday. I said that since they had kept my late mum’s money, they should pay interest. They say that that her case was after review so no interest. What I don’t understand is that why after 31 yrs then they review? What is going on with our CPF?”
She also added, “CPF are you trying to fool me or mock me after 31 years? Before I got kids till now I have grandkids. Don’t know if I should be happy or angry”.
Netizens who commented on the post had mixed feelings about the issue. Some said that she should be happy her mother’s CPF money was handed to her even after all of these years, while others said that Rahayu should have rightfully been given the accrued interest as well, since it was rightfully hers.
http://theindependent.sg/woman-complains-about-how-her-deceased-mothers-cpf-money-was-given-to-her-only-after-31-years/
Accrued zero interest after 31 years?????? Now this is INTERESTING.
Did she even obtain the grant of probate and subsequently dispatch it to CPF to effect the inheritance process?
If not, CPF will not be auto notified of someone’s death, hence no action will be taken.
Just my wild guess though regarding the above.......
When a family member dies. you need to appoint someone to be an administrator of the deceased's estate (can be self- appointed if you happen to be the only surviving descendent). Seek court approval and obtain the grant of probate, thereafter submit asset claims to relevant institutions.
For example, if the deceased maintained a bank account with a particular bank but no grant of probate was submitted to retrieve monies from the account, then the bank itself is not inclined to pursue any action because they wouldn't even be aware that the person is no longer living in the first place.
Be thankful it didn't take 56 man years........