Central Provident Fund (Prescribed Amount for Medisave Account) Regulations 2006

No. S 360

Central Provident Fund Act

(Chapter 36)

Central Provident Fund (Prescribed Amount for Medisave Account) Regulations 2006

In exercise of the powers conferred by sections 16 and 77(1) 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 (Prescribed Amount for Medisave Account) Regulations 2006 and shall come into operation on 1st July 2006.

Prescribed amount generally

2. Subject to regulation 3, the prescribed amount under section 16 of the Act shall be $28,000.

Prescribed amount for members with certain medical benefits

3.—(1) The prescribed amount under section 16 of the Act shall be $14,000 for any member of the Fund who —

(a)	is a retired public officer and is entitled to medical benefits under the Co-payment on Ward Charges Scheme administered by the Public Service Division, Prime Minister’s Office; or
(b)	is entitled to medical benefits under any other scheme which, in the opinion of the Minister for Health, confers medical benefits comparable to those under the Co-payment on Ward Charges Scheme referred to in sub-paragraph (a).

(2) The prescribed amount under section 16 of the Act shall be nil for any member of the Fund who —

(a)	is a retired public officer and is entitled to medical benefits under the Fixed Amount on Ward Charges Scheme administered by the Public Service Division, Prime Minister’s Office; or
(b)	is entitled to medical benefits under any other scheme which, in the opinion of the Minister for Health, confers medical benefits comparable to those under the Fixed Amount on Ward Charges Scheme referred to in sub-paragraph (a).

(3) Notwithstanding paragraph (2), a member of the Fund referred to in that paragraph may apply to the Minister for Health for approval to maintain in his medisave account the amount of $14,000, and such application shall be irrevocable.

(4) The Minister for Health may, in granting any approval under paragraph (3), impose such terms and conditions as he considers appropriate.

Revocation

4. The Central Provident Fund (Prescribed Amount for Medisave Account) Regulations (Rg 22) are revoked.

Made this 20th day of June 2006.

LEO YIP

Permanent Secretary,
Ministry of Manpower,
Singapore.

[MMS 10/82 V21; AG/LEG/SL/36/2005/29 Vol. 1]

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

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