Central Provident Fund (Revised Workfare Income Supplement Scheme) (Amendment) Regulations 2023

Status:

Published in Subsidiary Legislation Supplement
on 29 Dec 2023

No. S 921

Central Provident Fund Act 1953

Central Provident Fund
(Revised Workfare Income Supplement Scheme)
(Amendment) Regulations 2023

In exercise of the powers conferred by section 57F of the Central Provident Fund Act 1953, the Minister for Manpower makes the following Regulations:

Citation and commencement

1. These Regulations are the Central Provident Fund (Revised Workfare Income Supplement Scheme) (Amendment) Regulations 2023 and come into operation on 1 January 2024.

Amendment of regulation 5

2. In the Central Provident Fund (Revised Workfare Income Supplement Scheme) Regulations 2016 (G.N. No. S 738/2016) (called in these Regulations the principal Regulations), in regulation 5 —

(a)

in paragraph (1)(g)(i), delete “or” at the end;

(b)

in paragraph (1)(g), replace sub‑paragraph (ii) with —

“(ii)	if the relevant year is 2023 — in accordance with paragraph (5); or
(iii)	if the relevant year is 2024 or any subsequent year — in accordance with paragraph (6);”;

(c)

in paragraph (3A), after “paragraph (1)(g)(ii)”, insert “or (iii) (as the case may be),”;

(d)

in paragraph (5), replace “regulation 7B(2)(h)” with “regulation 7B(2)(h)(i)”; and

(e)

after paragraph (5), insert —

“(6) For the purposes of paragraph (1)(g)(iii) or regulation 7B(2)(h)(ii), the additional contribution to be paid by, or received from the employer of, the member is —

(a)	$9, where the relevant month is or falls before the member’s 55th birthday month;
(b)	$8, where the relevant month is any month after the member’s 55th birthday month, but is or falls before the member’s 60th birthday month;
(c)	$6, where the relevant month is any month after the member’s 60th birthday month, but is or falls before the member’s 65th birthday month;
(d)	$5, where the relevant month is any month after the member’s 65th birthday month, but is or falls before the member’s 70th birthday month; or
(e)	$4, where the relevant month is any month after the member’s 70th birthday month.”.

Amendment of regulation 7B

3. In the principal Regulations, in regulation 7B(2)(h), replace “(as the Minister may direct) in accordance with regulation 5(5);” with —

“(as the Minister may direct) —

(i)	if the relevant year is 2023 — in accordance with regulation 5(5); or
(ii)	if the relevant year is 2024 or any subsequent year — in accordance with regulation 5(6);”.

Amendment of First Schedule

4. In the principal Regulations, in the First Schedule —

(a)

replace item 1 with —

“1. 2017, 2018, 2019, 2020, 2021, 2022 or 2023

$13,000”; and

(b)

after item 1, insert —

“2. 2024 or any subsequent year

$21,000”.

[G.N. Nos. S 725/2017; S 889/2019; S 1028/2022]

Made on 19 December 2023.

NG CHEE KHERN

Permanent Secretary,
Ministry of Manpower,
Singapore.

[Plg&Pol/CPFPol/Legis/CPFSL/2023; AG/LEGIS/SL/36/2020/37 Vol. 1]

(To be presented to Parliament under section 78(2) of the Central Provident Fund Act 1953).

Search within Legislation