Commenting on the returns offered by the Central Provident Fund, SMU Vice President, Business Development & External Relations, Associate Professor Annie Koh said: "I would say those rates are more than fair. If you look at pure Singapore dollar government bonds, even at 10-year tenure, it's actually only giving you a 2.5 per cent return… The government is already paying 3.5 per cent, a whole percentage point above a 10-year government (bond). And on top of that, for the [Special, Medisave and Retirement Account], you're actually getting 4 per cent for the majority and 5 per cent for the smaller amounts."