The high-standard supervision and management mode, which prohibits the government from misappropriating relatively independent institutions and represents the interests of the three parties, ensures the reliability and security of the Singapore provident fund. Singapore is a small island country with a population of just over 4 million. However, with the continuous development of economy, Singapore has gradually formed its own unique social security system, which is known as the most successful old-age security system in the world-"Central Provident Fund System". This is a comprehensive social security savings plan, which provides millions of Singaporeans with life security and confidence after retirement. On July 1955 and 1 day, Singapore promulgated the Central Provident Fund Ordinance, began to implement the Central Provident Fund system, and set up a Central Provident Fund Bureau to handle related affairs. In the past 50 years, in order to meet the needs of Singaporeans in housing, medical care, family security, investment and financial management, the Central Provident Fund Bureau has implemented a number of innovative measures, expanding the system from a single pension function at the beginning of its establishment to several major aspects of social life, including retirement, medical care, ownership of real estate, family security and the appreciation of provident fund savings. Singapore's central provident fund is the cornerstone of social security, and it is a compulsory savings insurance with the participation of the government, employers and employees. As the most important protection net and the cornerstone of social security in Singapore, the Central Provident Fund stipulates that individual accounts of members under 55 are divided into ordinary accounts, health savings accounts and special accounts. Among them, the savings in the general account can be used for housing, insurance, investment and education expenses if approved; Health savings accounts are used for hospitalization expenses and medical project expenses under approved circumstances; Special account savings are used for pension and emergency expenses. After the age of 55, their personal accounts are changed into retirement accounts and medical care savings accounts, and their members can withdraw some savings after the amount in the central provident fund plan account reaches the minimum requirements. The government does everything possible to ensure the interests of citizens. Since the provident fund system stipulates that its members can use part of the accumulated funds to buy houses, share stocks and pay for education, hospitalization and medical expenses, in order to avoid the influence of excessive use of provident fund for other payments on old-age insurance, the Singapore government began to implement the minimum deposit plan from June 65438 to June 65438, 0987, stipulating that after reaching the age of 55, the minimum deposit must be kept in its provident fund account (a separate retirement account) for emergencies. Every July, the Provident Fund Bureau will adjust the minimum deposit amount to achieve the predetermined target amount. At present, the minimum deposit is about S $90,000 (US$ 57,000). In addition, in order to encourage Singaporeans to save pensions for their unemployed spouses or parents, the Provident Fund Bureau began to implement the minimum deposit requirement on 1987, that is, when their parents or spouses fail to meet the minimum deposit requirement at the age of 55, members can choose to make up for it by saving in cash or provident fund, and members can enjoy a tax-free deduction of up to S $7,000 (about US$ 4,440) per year. At the same time, members under the age of 55 can choose to transfer their provident fund savings from ordinary accounts to special accounts. The purpose is to fill the cash required for the minimum deposit in the special account, and also to help members accumulate enough cash savings for themselves when they retire and enjoy the higher interest rate in the special account. After reaching the age of 55 and reaching the minimum deposit in the retirement account, members can withdraw the provident fund in one lump sum, or they can withdraw the provident fund in the following circumstances: permanently leaving Singapore or permanently disabled or insane. If a member dies, his provident fund can also be used as an inheritance, and the designated beneficiary can apply for withdrawal. Perfecting laws and regulations to ensure the safety of provident fund, the Singapore government recognizes that provident fund is a very effective tool to manage the national salary government and the overall economy. Faced with the huge amount of provident fund deposits, the government did not misappropriate them to build office buildings and municipal construction, but standardized management and services. The state has enacted the provident fund law, and the provident fund bureau is a statutory body with financial and administrative autonomy, and the president has the right to check the accounts of the provident fund. The Provident Fund Bureau is mainly composed of employers' representatives, employees' representatives and government representatives. A relatively independent organization and a high-standard supervision and management model representing the interests of the three parties have laid a foundation for strengthening the management of provident fund and ensuring its reliability and safety. In order to facilitate members to receive provident fund in time, the government has set up service outlets in places where residents are concentrated, and it is convenient for members to inquire and manage provident fund deposits by electronic means. Strict management, sincere service, taking it from the people and using it for the people have ensured the safe operation of the provident fund and promoted the continuous increase of the contributions of participating members. At present, Singapore has more than 3 million provident fund members, and the total amount of provident fund exceeds 1000 billion US dollars, which greatly promotes social stability and national health and welfare.