Don't eat now, have more to eat in 30 years
What I would want to add on to the CPF debate is this. When you want to help the people to live better in the future, you either teach them to fish or you plant more seeds to reap more fruits later. You can also offer them a few loaves of bread. The last thing you want to do is to take whatever little the poor buggers have now and keep them in the storehouse and say they can come and collect in 30 years time. In the meantime they can tighten the belt. And if they die halfway before the 30 years is up, just too bad. The delay in withdrawal age and taking money from the CPF members to buy annuities come from the same principles.