The achievements of the centralized management model of the Central Provident Fund in Singapore show that personal account and the funded system are not necessary to interosculate with the dispersed management, and the centralized management of social security funds has some advantages in special instances. 新加坡中央公积金的集中管理模式所取得的成绩说明,个人账户和基金制并不必然同分散化管理联系在一起,而且,在特定情况下社会保障基金的集中管理具有一定的优越性。