Central Provident Fund (Minimum Sum Scheme Nominations) Rules

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Not current version
(version history — see timeline)

Central Provident Fund Act

(Chapter 36, Sections 25(1) and 77(2)(k))

Central Provident Fund
(Minimum Sum Scheme Nominations) Rules

R 8

G.N. No. S 272/1995

REVISED EDITION 1998

(1st January 1998)

Citation

1. These Rules may be cited as the Central Provident Fund (Minimum Sum Scheme Nominations) Rules.

Member may nominate spouse to receive minimum sum

2. Subject to these Rules, a member and his spouse who desire to set aside jointly an amount equal to one and a half times the minimum sum under section 15(6A) of the Act shall nominate each other to receive the amount of the minimum sum belonging to either party on the death of the other party.

Nomination form

3. A nomination by a member and by his spouse shall be made in Parts A and B, respectively, of the formset out in the Schedule.

[S 592/2000 wef 01/01/2001]

Witness to attest

4. A nomination by a member or his spouse shall each be signed in the presence of 2 witnesses who shall attest the signature of the member or his spouse, as the case may be.

Member and his spouse not to be witness for each other

5. A member and his spouse shall not attest the signature of each other.

Qualification of witness

6. No person shall attest the signature of the member or his spouse to a nomination unless he has attained the age of 21 years and is of sound mind, or is an employee of the Board.

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