Central Provident Fund (Approved Employees' Scheme) Regulations 1998

No. S 642

Central Provident Fund Act

(Chapter 36)

Central Provident Fund (Approved Employees’ Scheme) Regulations 1998

In exercise of the powers conferred by section 77(1)(o) of the Central Provident Fund Act, the Minister for Manpower, after consultation 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 (Approved Employees’ Scheme) Regulations 1998 and shall come into operation on 1st January 1999.

Definition

2. In these Regulations “permanent resident” means a person who holds a valid entry permit or re-entry permit issued by the Controller of Immigration under the Immigration Act (Cap. 133).

Contributions in respect of members of approved employees’ scheme

3.—(1) Subject to paragraph (2), the contributions payable by the employer and the amount recoverable from the employee’s wages in respect of employees who are members of an approved employees’ scheme shall be in accordance with the rates of contributions set out in the First Schedule to the Act.

(2) The contributions payable by the employer and the amount recoverable from the employee’s wages in respect of employees who are members of an approved employees’ scheme and who become permanent residents on or after 1st January 1999 shall be in accordance with the rates of contributions set out in the Schedule to the Central Provident Fund (Permanent Residents — Employees) Regulations (Rg 21).

Revocation

4. The Central Provident Fund (Approved Employees’ Scheme) Regulations (Rg 24) are revoked.

Made this 30th day of December 1998.

TAN CHIN NAM

Permanent Secretary,
Ministry of Manpower,
Singapore.

[MMS 9/73 T6; AG/LEG/SL/36/97/4 Vol. 1]

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

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