Central Provident Fund (Retirement Sum Topping-Up Scheme) (Amendment No. 3) Regulations 2024

Status:

Published in Subsidiary Legislation Supplement
on 04 Dec 2024

No. S 935

Central Provident Fund Act 1953

Central Provident Fund
(Retirement Sum Topping-Up Scheme)
(Amendment No. 3) Regulations 2024

In exercise of the powers conferred by section 77(1) of the Central Provident Fund Act 1953, the Minister for Manpower, after consulting with the Central Provident Fund Board, makes the following Regulations:

Citation and commencement

1. These Regulations are the Central Provident Fund (Retirement Sum Topping‑Up Scheme) (Amendment No. 3) Regulations 2024 and come into operation on 1 January 2025.

Amendment of regulation 3

2. In the Central Provident Fund (Retirement Sum Topping‑Up Scheme) Regulations (Rg 3), in regulation 3(1), in the definition of “enhanced retirement sum”, replace “1.5 times” with “2 times”.

[G.N. Nos. S 513/2007; S 510/2008; S 105/2009; S 395/2009; S 340/2010; S 723/2011; S 44/2012; S 262/2012; S 537/2012; S 705/2012; S 478/2013; S 851/2013; S 442/2014; S 31/2015; S 853/2015; S 734/2016; S 344/2017; S 787/2017; S 596/2018; S 367/2019; S 883/2019; S 198/2020; S 216/2021; S 846/2021; S 1015/2021; S 138/2022; S 283/2022; S 715/2022; S 304/2023; S 273/2024; S 551/2024]

Made on 28 November 2024.

NG CHEE KHERN

Permanent Secretary,
Ministry of Manpower,
Singapore.

[RESD/Cross-cutting Policy/CPFSL/2024; AG/LEGIS/SL/36/2020/12]

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

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