Commenting on the Government’s proposal to raise the minimum retirement-savings threshold for the Central Provident Fund (CPF), SMU Associate Professor of Law Eugene Tan said that the policy tweak created the “perfect storm” by coming "at a time of increased costs of living and growing concerns over retirement-funds' adequacy”. He added that “There is a dip in Singaporeans' trust in the CPF system's ability to ensure that they are well-provided for in their retirement."