Central Provident Fund (Retirement Sum Scheme) Regulations
Table of Contents
Part I PRELIMINARY
1 Citation
2 Application
3 Definitions
3A Former provisions
Part II PROVISIONS RELATING TO RETIREMENT SUM
4 Maintenance of retirement sum
5 Calculation of retirement sum, etc.
6 (Deleted)
7 Assessing value of immovable property
8 Restriction on mortgage of property
8A Payment of amount secured by charge or undertaking
8B Transfer to retirement account of payment in relation to charge or undertaking in respect of immovable property
8C Transfer to ordinary account of moneys credited or refunded to retirement account
8D Transfer to retirement account when whole or part of reserved amount no longer required to be set aside
8E Transfer to retirement account of moneys credited under section 13C of Act arising from property charge that ceased to be in force
9 Approved bank or approved annuity
9A Use of amount referred to in section 15(6C)(a) of Act
10 Amount deposited with approved bank
11 Purchase of approved annuity with amount from retirement account
11A Payment of premium for annuity plan under Scheme
12 Payment from amount deposited with approved bank or retained in retirement account, in general
12A Payment from amount retained in retirement account, where 2 members have set aside jointly less than the aggregate of the retirement sums of both members
12B Payment from amount retained in retirement account where there is relevant property charge
13 Payment from amount deposited with approved bank or retained in retirement account, where member has pension, annuity or other benefit or approved annuity
13A (Deleted)
13B Additional payment from amount deposited with approved bank or retained in retirement account
13C Payment of lower monthly income under regulation 12(1) or (3), 12A, 13 or 13B
13D Payment of monthly income where balance in retirement account is low
13E Manner of payment from amount retained in retirement account
14 Specified amount
Part III GENERAL PROVISIONS
15 Closure of account with approved bank, surrender of approved annuity, etc.
16 Death of member
17 Notional date of birth
18 Applications
19 Breach of Regulations
Legislative History