Central Provident Fund (Permanent Residents — Employees) (Amendment) Regulations 2003

Status:

Published in Subsidiary Legislation Supplement
on 26 Sep 2003

No. S 466

Central Provident Fund Act

(Chapter 36)

Central Provident Fund (Permanent Residents — Employees) (Amendment) Regulations 2003

In exercise of the powers conferred by section 77(1)(q) of the Central Provident Fund Act, Dr Ng Eng Hen, Minister of State, Ministry of Education, charged with the responsibility of 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 (Permanent Residents — Employees) (Amendment) Regulations 2003 and shall come into operation on 1st October 2003.

Amendment of Schedule

2. Paragraphs 2 to 4 of the Schedule to the Central Provident Fund (Permanent Residents — Employees) Regulations 2002 (G.N. No. S 521/2002) are deleted and the following paragraphs substituted therefor:

“2. Subject to paragraphs 5 to 8, with effect from 1st October 2003, the contributions payable by the employer (at graduated rates) and the amount recoverable from the employee’s wages (at graduated rates) during the second year after the foreign employee becomes a permanent resident are as follows:

3. Subject to paragraphs 5 to 8, with effect from 1st October 2003, the contributions payable by the employer (at full rates) and the amount recoverable from the employee’s wages (at graduated rates) during the first year after the foreign employee becomes a permanent resident are as follows:

4. Subject to paragraphs 5 to 8, with effect from 1st October 2003, the contributions payable by the employer (at full rates) and the amount recoverable from the employee’s wages (at graduated rates) during the second year after the foreign employee becomes a permanent resident are as follows:

”.

Made this 22nd day of September 2003.

YONG YING-I

Permanent Secretary,
Ministry of Manpower,
Singapore.

[MMS 9/73 Vol. 32; AG/LEG/SL/36/2002/3 Vol. 3]

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

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