Central Provident Fund (Minimum Sum Scheme Nominations) Rules

Status:

Revised Edition
published on 30 Nov 2006

Central Provident Fund Act

(Chapter 36, Sections 25(1) and 77(2))

Central Provident Fund (Minimum Sum Scheme Nominations) Rules

R 8

G.N. No. S 374/2006

REVISED EDITION 2006

(30th November 2006)

[1st July 2006]

Citation

1. These Rules may be cited as the Central Provident Fund (Minimum Sum Scheme Nominations) Rules.

Parties to marriage may nominate each other to receive minimum sum

2. Subject to these Rules, where 2 parties to a marriage who are members of the Fund desire to set aside jointly an amount which is less than 2 times the minimum sum under section 15(6A) of the Act, unless the Board specifies otherwise, each party shall nominate the other party to receive, on his death, the amount of the minimum sum belonging to him.

Nomination form

3. A nomination under rule 2 shall be made by both parties to the marriage in the Form set out in the Schedule.

Witness to attest

4. Each party to the marriage shall sign his nomination under rule 2 in the presence of 2 witnesses, who shall attest his signature on the nomination.

Parties to marriage not to be witness for each other

5. Each party to the marriage shall not attest the signature of the other party on a nomination under rule 2.

Qualification of witness

6. No person shall attest the signature of a party to a marriage on a nomination under rule 2 unless —

(a)	he has attained the age of 21 years and is of sound mind; or
(b)	he is an employee of the Board.

Application to revoke nomination

7.—(1) A nomination made under rule 2 by both parties to a marriage may be revoked, on the application of either party, if —

(a)

the marriage is dissolved; or

(b)

the Board is satisfied that either or both parties are —

(i)

physically or mentally incapacitated —

(A)	from ever continuing in any employment; or
(B)	in such other manner as the Minister may approve;

(ii)

of unsound mind;

(iii)

suffering from a medical condition leading to a severely impaired life expectancy; or

(iv)

suffering from a terminal illness or disease.

(2) An application under paragraph (1) shall be made in such form as the Board may require.

Savings provision

8. Every nomination made under the revoked Central Provident Fund (Minimum Sum Scheme Nominations) Rules (R 8, 1998 Ed.) shall be deemed to be made under these Rules.

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