Central Provident Fund (New Minimum Sum Scheme) (Amendment) Regulations 2005

Status:

Published in Subsidiary Legislation Supplement
on 27 Apr 2005

No. S 263

Central Provident Fund Act

(Chapter 36)

Central Provident Fund (New Minimum Sum Scheme) (Amendment) Regulations 2005

In exercise of the powers conferred by section 77(1)(o) of the Central Provident Fund Act, the Minister for Manpower, after consulting with the Central Provident Fund Board, hereby makes the following Regulations:

Citation and commencement

1. These Regulations may be cited as the Central Provident Fund (New Minimum Sum Scheme) (Amendment) Regulations 2005 and shall come into operation on 1st July 2005.

Deletion and substitution of Third Schedule

2. The Third Schedule to the Central Provident Fund (New Minimum Sum Scheme) Regulations (Rg 31, 2005 Ed.) is deleted and the following Schedule substituted therefor:

“THIRD SCHEDULE

Regulation 9(1), (2) and (3)

Monthly amount payable to member with 100% of the minimum sum applicable to him in cash:

First column

Second column

Date on which a member attains the age of 55 years

Basic monthly income payable

(a) On or after 1st July 2004 but before 1st July 2005

$668

(b) On or after 1st July 2005 but before 1st July 2006

$711.”.

Made this 20th day of April 2005.

YONG YING-I

Permanent Secretary,
Ministry of Manpower,
Singapore.

[MMS 5.2/85 V22; AG/LEG/SL/36/2002/2 Vol. 6]

(To be presented to Parliament under section 78(2) of the Central Provident Fund Act).

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