Central Provident Fund (Statutory Bodies and Aided Schools — Employees) (Amendment No. 2) Regulations 2004

Status:

Published in Subsidiary Legislation Supplement
on 30 Dec 2004

No. S 800

Central Provident Fund Act

(Chapter 36)

Central Provident Fund (Statutory Bodies and Aided Schools — Employees) (Amendment No. 2) Regulations 2004

In exercise of the powers conferred by section 77(1)(q) 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 (Statutory Bodies and Aided Schools — Employees) (Amendment No. 2) Regulations 2004 and shall come into operation on 1st January 2005.

Amendment of regulation 2

2. Regulation 2 of the Central Provident Fund (Statutory Bodies and Aided Schools — Employees) Regulations (Rg 28, 2004 Ed.) (referred to in these Regulations as the principal Regulations) is amended by deleting “(69)” in the definition of “statutory body” and substituting “(70)”.

Amendment of First Schedule

3. The First Schedule to the principal Regulations is amended —

(a)

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

“1. Subject to this Schedule, with effect from 1st January 2005, 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 January 2005, 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 January 2005, 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 January 2005, 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 January 2005, 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 “$93,500” wherever it appears in paragraphs 7 and 8 and substituting in each case “$85,000”;

(c)

by deleting “$5,500” in paragraph 9A and substituting “$5,000”;

(d)

by inserting, immediately before the words “55, 60 or 65 years of age” wherever they appear in paragraph 11(a), “50,”; and

(e)

by inserting, immediately before the words “fifty-fifth, sixtieth or sixty-fifth anniversary” in paragraph 11(a), the word “fiftieth,”.

Amendment of Second Schedule

4. The Second Schedule to the principal Regulations is amended —

(a)

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

“1. Subject to this Schedule, with effect from 1st January 2005, 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 January 2005, 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 January 2005, 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 January 2005, 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 January 2005, 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 “$93,500” wherever it appears in paragraphs 7 and 8 and substituting in each case “$85,000”;

(c)

by deleting “$5,500” in paragraph 9A and substituting “$5,000”;

(d)

by inserting, immediately before the words “55, 60 or 65 years of age” wherever they appear in paragraph 11(a), “50,”; and

(e)

by inserting, immediately before the words “fifty-fifth, sixtieth or sixty-fifth anniversary” in paragraph 11(a), the word “fiftieth,”.

Made this 28th day of December 2004.

YONG YING-I

Permanent Secretary,
Ministry of Manpower,
Singapore.

[MMS 9/73 V39; AG/LEG/SL/36/2002/3 Vol. 6]

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

Search within Legislation