In 80s the rate is 50%. That why older generation have CPF $$ in account Now how many % of people below age 50 have $200k in OA.
Woo...tats alot of money. Imagine i earned $1000 a mth, i would have half of it in my CPF. And those days $500 is big.
http://books.google.com.sg/books?id...as the total cpf contribution in 1980&f=false