If you look at CPF as a company, it is very safe. It has a much better financial statements than almost all companies in the world.
http://mycpf.cpf.gov.sg/NR/rdonlyres/275...ements.pdf
The balance sheet is clean with no debt. Most of the investments are in Singapore government bonds, AAA rated.
So what's there "not safe"?
Plus, the investment is into Singapore government bonds, not "PAP" bonds. Even if PAP is voted out, the Singapore government should continue to honor the bonds, or it would not be voted in.
http://mycpf.cpf.gov.sg/NR/rdonlyres/275...ements.pdf
The balance sheet is clean with no debt. Most of the investments are in Singapore government bonds, AAA rated.
So what's there "not safe"?
Plus, the investment is into Singapore government bonds, not "PAP" bonds. Even if PAP is voted out, the Singapore government should continue to honor the bonds, or it would not be voted in.