Surely the two ideas are very, very different? The CPF severely restricts citizens' ability to withdraw funds until the age of 55. What's been proposed upthread is more like a current account, with unlimited withdrawals. The CPF is also a good scheme in principle, just not what's proposed here.
I'm not proposing any specific shape of the pension system
But placing that decision on employers is a poor design, especially for the many small and micro employers
Banks are much better placed both to collect taxes and to administer payments to pension providers (chosen by the individual)
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So in practice, the only function of payroll would be to pay the gross salary into a designated "income account"
Everything else is then administered by the bank, and decided by the individual (eg how much is allocated to pensions, which provider, whether it includes some insurance, etc)
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Yes, nobody would design a system like the UK's if they were were writing an essay. The British (with input from local leaders like David Marshall) implemented more coherent arrangements in HK and Singapore, since colonialism allowed them to trample over vested interests & minorities.