One of the "myths" he set his sights on: the minimum sum is a shifting goal post. In his warped mentality, the number changes only with the cohort affected, therefore no change is involved. The kind of perverse logic that broke the original promise of releasing the retirement funds at age 55. Nothing has changed, so he says, only the rules have changed. Poor Dr Toh Chin Chye must be rolling in his grave.
There is one myth that is really propagated: the CPF is our retirement package. Firstly, it cannot be ours by any definition in the English language since we are hapless to the twisting of the access rules without our consent. Then, there are the millions siphoned to the secretive "reserves" portion of the public housing pricing, which has resulted in the anomaly of the Singapore asset-rich cash-poor social phenomenal. Don't even get started on the returns from the CPF - the only guys guaranteed a cushy retirement at the Bahamas are the fund managers. The sickness has now spread to the Medishield Life sham. Opposition members have asked on our behalf why Medishield needs such a large reserves account, a similar question once levied at the National Kidney Foundation board. As in the case of the NKF fiction, there was no credible answer.
Oh, there is one other myth being perpetuated. Paying millions to the ministers is necessary for sustainable government. I see they are now encouraging Singaporeans to start walking, just the nudge we need to start voting with our feet.