Time to stop the Crab
This nonsense about a minimum sum to be retained in the CPF or a compulsory annunity should be stopped once for all. Not everyone is an idiot or dependent on such a scheme to live their lives. Give people the option to withdraw everything at 55 and manage their own lives. If need be, let them sign a form to refuse any state assistance should they become destitute in the future. Anyone signing the form will be held solely responsible for his own life and finances. They cannot turn back to the state and if they do the state can throw back the signed document to them. Anyway this country does not believe in welfare and everyone is expected to provide for themselves. Why should the people be deprived of their hard earned money by some legislation?