Comparison View

Formal Consolidation |  Amended S 281/2022
Transfer to retirement account of moneys credited under section 13C of Act arising from property charge that ceased to be in force
6.—(1)  This regulation applies where moneys are paid to the Fund under the circumstances set out in regulation 3 of the Central Provident Fund (Prescribed Circumstances under Section 13C) Regulations 2022 and credited under section 13C of the Act to the member’s ordinary account or special account or both.
(2)  The Board must transfer to the member’s retirement account, towards the maintenance of the retirement sum, the lower of the following:
(a)the shortfall in the retirement sum applicable to the member;
(b)the amount so credited under section 13C of the Act.
[S 281/2022 wef 01/04/2022]
Informal Consolidation | Amended S 274/2024
Transfer to retirement account of moneys credited under section 13C of Act
6.—(1)  This regulation applies where moneys are paid to the Fund under the circumstances set out in regulation 2 or 3 of the Central Provident Fund (Prescribed Circumstances under Section 13C) Regulations 2022 and credited under section 13C of the Act to the member’s ordinary account or special account or both.
[S 274/2024 wef 01/04/2024]
(2)  The Board must transfer to the member’s retirement account, towards the maintenance of the retirement sum, the lower of the following:
(a)the shortfall in the retirement sum applicable to the member;
(b)the amount so credited under section 13C of the Act.
[S 281/2022 wef 01/04/2022]
[S 274/2024 wef 01/04/2024]