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Extracts from Wikipedia on Central Provisional Fund at http://mycpf.cpf.gov.sg/Members/home.htm

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The Central Provident Fund (AbbreviationCPFChinese: 公积金, PinyinGōngjījīn) is a compulsory comprehensivesocial security savings plan which aims to provide working Singaporeans with a sense of security and confidence in their old age. It is administered by the Central Provident Fund Board, a statutory board under the Ministry of Manpower. The CPF was started on 1 July 1955.

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