CPF refers to Central Provident Fund, Singapore's pension system.

I must first profess that I am neither pro-PAP nor anti-PAP. In this post and the posts in the future (hopefully I get the time to write them), I will try to provide independent analyses on our pension system, touted as one of the best in the world, and hopefully readers will find them useful.

I also hope that readers would also have read Roy Ngerng's wonderful analysis. I must say it's quite thought-provoking. Though bearing in mind that he had an axe to grind. A lot of the discussion here would also be easier to understand after browsing through Roy's arguments. 

By and large, I would say that CPF is a pretty damn good pension system, for both Singaporeans and the government. Well, after all, it was the brainchild of our forefathers: a bunch of really cool guys, although ...