Central Provident Fund (Statutory Bodies and Aided Schools — Employees) (Amendment) Regulations 2003

Status:

Published in Subsidiary Legislation Supplement
on 26 Sep 2003

No. S 467

Central Provident Fund Act

(Chapter 36)

Central Provident Fund (Statutory Bodies and Aided Schools — 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 (Statutory Bodies and Aided Schools — Employees) (Amendment) Regulations 2003 and shall come into operation on 1st October 2003.

Amendment of First Schedule

2. The First Schedule to the Central Provident Fund (Statutory Bodies and Aided Schools — Employees) Regulations 2002 (G.N. No. S 520/2002) is amended —

(a)

by deleting paragraphs 1 to 5 and substituting the following paragraphs:

“1. Subject to this Schedule, with effect from 1st October 2003, the contributions payable by the employer and the amount recoverable from the pensionable employee’s wages are as follows:

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

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

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

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

”.

(b)

by deleting “$1,120” in paragraph 6(a) and substituting “$910”; and

(c)

by deleting “12%” in paragraph 6(a) and substituting “9.75%”.

Amendment of Second Schedule

3. The Second Schedule to the Central Provident Fund (Statutory Bodies and Aided Schools — Employees) Regulations 2002 is amended —

(a)

by deleting paragraphs 1 to 5 and substituting the following paragraphs:

“1. Subject to this Schedule, with effect from 1st October 2003, the contributions payable by the employer and the amount recoverable from the non-pensionable employee’s wages are as follows:

2. Subject to this Schedule, with effect from 1st October 2003, the contributions payable by the employer (at full rates) and the amount recoverable from the non-pensionable employee’s wages (at graduated rates) during the first year after the non-pensionable employee becomes a permanent resident are as follows:

3. Subject to this Schedule, with effect from 1st October 2003, the contributions payable by the employer (at full rates) and the amount recoverable from the non-pensionable employee’s wages (at graduated rates) during the second year after the non-pensionable employee becomes a permanent resident are as follows:

4. Subject to this Schedule, with effect from 1st October 2003, the contributions payable by the employer (at graduated rates) and the amount recoverable from the non-pensionable employee’s wages (at graduated rates) during the first year after the non-pensionable employee becomes a permanent resident are as follows:

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

”.

(b)

by deleting “$1,120” in paragraph 6(a) and substituting “$910”; and

(c)

by deleting “16%” in paragraph 6(a) and substituting “13%”.

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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