The new GPF secretary-general says the fund will propose amending the law so retirees can return their lump-sum payouts to GPF for management, and also put monthly pension or annuity payments back in. The proposal still has to go through the GPF board, the Finance Ministry and Parliament, so nothing changes yet. Only about 8,153 of 1.29 million members currently keep saving after retirement, and many members start saving late (age 29 on average versus 24 before). For a business owner, the practical step is to check your own employees' GPF contribution levels and retirement planning; the fund is also reviewing its investment approach toward a Total Portfolio Approach, with a plan due by year-end.