February 4, 2011
Extracts from Wikipedia on Central Provisional Fund at http://mycpf.cpf.gov.sg/Members/home.htm
The Central Provident Fund (Abbreviation: CPF; Chinese: 公积金, Pinyin: Gōngjījīn) 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.