On May 8, the Central Provident Fund (CPF) Board and the Ministry of Manpower announced that the CPF minimum sum will be raised to $155,000, up from $148,000, for those who turn 55 between July 1 this year and June 30 next year.
Of course, I fully expect grumbling when it comes to CPF and the minimum sum.
A year ago, there was a raise, from $139,000 to $148,000. And before that, in 2012, a raise from the then $131,000.
And yes, there were complaints then too.
This time, they were too loud for me to dismiss.
Mr Desmond Neo turns 55 in December. The senior engineer says: "I was hoping that I could withdraw my money to pay off debts instead of having to borrow from the bank.
"But with this, even though it is just $7,000 more, it is still money that I need."
Despite the best intentions to give citizens financial security in their retirement years, moving the CPF minimum sum remains deeply unpopular.
The minimum sum was first set at $80,000 in 2003, and was to be raised gradually until it reaches $120,000 (in 2003 dollars) by 2015. It has been rising since as Singaporeans live longer and inflation kicks in.
I kept hearing the same gripe during my heartland jaunt: Why raise every year? At this rate, will we ever see our money?
Mr Darryl Chan, 53, a driving instructor, says: "They have raised the minimum sum every year. I turn 55 in another two years and I dare not even calculate how much more they would increase the cap.
"At this rate, will I live long enough to enjoy the money that has been supposedly set aside to help me after I retire?"
Opposition party Singapore People's Party (SPP) has called for alternative retirement schemes, in response to President Tony Tan Keng Yam's address on Friday night.
It said in a statement yesterday: "Raising the CPF minimum sum is not the only way - it makes retirement tougher.