Central Provident Fund Act
(Chapter 36, Section 77(1))
Central Provident Fund
(Approved Employees’ Scheme) Regulations
Rg 24
G.N. No. S 295/1991

REVISED EDITION 1998
(1st January 1998)
Citation
1.  These Regulations may be cited as the Central Provident Fund (Approved Employees’ Scheme) Regulations.
Definitions
2.  In these Regulations —
“foreign employee” means an employee employed on —
(a)an employment pass or a professional visit pass issued by the Controller of Immigration under the Immigration Regulations (Cap. 133, Rg 1); or
(b)a work permit issued by the Controller of Work Permits under the Employment of Foreign Workers Act (Cap. 91A);
“permanent resident” means a person who holds a valid entry permit or re-entry permit issued by the Controller of Immigration under the Immigration Act (Cap. 133).
Contributions in respect of members of approved employees’ scheme
3.  Subject to regulation 4, the contributions payable in respect of employees who are members of an approved employees’ scheme shall be in accordance with the rates of contributions set out in paragraph 1 of the Schedule instead of the rates set out in the First Schedule to the Act.
Different rates applicable in certain cases
4.—(1)  Where —
(a)a foreign employee becomes a permanent resident on or after 1st August 1995 and a member of an approved employees’ scheme on the same day; and
(b)no contribution has been paid in respect of the foreign employee immediately before that day,
the contributions payable in respect of that employee for the first 2 years thereafter shall be in accordance with the rates of contributions set out in paragraphs 2 and 3 of the Schedule from that day.
(2)  Where —
(a)a foreign employee becomes a permanent resident on or after 1st August 1995 and was on that day not a member of an approved employees’ scheme; and
(b)the employee becomes a member of an approved employees’ scheme within 2 years of his becoming a permanent resident,
the contributions payable in respect of that employee for the remainder of the period of 2 years commencing from the day on which he became a permanent resident shall be in accordance with the rates of contributions set out in paragraphs 2 and 3 of the Schedule from the day on which the foreign employee becomes a member of the approved employees’ scheme.
(3)  Notwithstanding paragraphs (1) and (2), where the employer and the employee have agreed that the contributions payable in respect of the employee shall be at the rates set out in paragraph 1 of the Schedule and have, in the manner determined by the Board, informed the Board of that agreement, those rates shall apply to contributions payable in respect of that employee.