Written Answer by Mr Lim Swee Say, Minister for Manpower, to Parliamentary Question on using Medisave for funeral expenses
Notice Paper No. 304 Of 2016 For The Sitting On 15 Aug 2016 Question No. 197 For Written Answer
MP: Ms Foo Mee Har
To ask the Minister for Manpower whether balances in the Medisave Accounts of deceased members can be deployed by family members to fund the funeral expenses of the deceased members according to their wishes.
Answer
- When a CPF member passes on, all CPF savings, including those in the Medisave Account are disbursed based on a CPF member’s nomination. In the absence of a nomination, they are disbursed by the Public Trustee according to intestacy laws.
- With a valid CPF nomination, nominees will generally receive their monies within four weeks from the date CPF Board receives their applications. This is because processing time is needed to check and verify the applications and supporting documents, to ensure that payments are made to the rightful nominees. Nominees who are responsible for the last rites can then use the bequest to pay for the funeral expenses.