Central Provident Fund (Revised Retirement Sum Scheme) Regulations
Table of Contents
Part I PRELIMINARY
1 Citation
2 Application
3 Definitions
3A Former provisions
3B Committed amount
Part II MAINTENANCE OF RETIREMENT SUM
4 Retirement sum required of member
4A Retirement sum set aside by member with partial or full benefits, or other approved benefit
4B Property component
5 Withdrawal at age of 55 years and maintenance of retirement sum by member
5AA Transfer to retirement account for payment of additional premiums to increase monthly income under Lifelong Income Scheme
5A Transfer to retirement account of payment in relation to charge or undertaking in respect of immovable property
5B Transfer to retirement account when whole or part of reserved amount no longer required to be set aside
5C Transfer to retirement account of certain moneys credited or refunded to ordinary account or special account
5D Transfer to ordinary account of moneys credited or refunded to retirement account in excess of retirement sum
6 Transfer to retirement account of moneys credited under section 13C of Act
7 Setting aside of less than the aggregate of the retirement sums of both members by parties to marriage
8 Topping-up of shortfall in retirement sum during subsequent withdrawals
8A Payment from amount deposited with approved bank or retained in retirement account, in general
9 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
10 Payment from amount deposited with approved bank or retained in retirement account, where member has pension, annuity or other benefit or approved annuity
10A Additional payment from amount deposited with approved bank or retained in retirement account
10B Payment of lower monthly income under regulation 8A(1) or (3), 9, 10 or 10A
10C Payment of monthly income where balance in retirement account is low
10D Manner of payment from amount retained in retirement account
11 Definitions and abbreviations for purposes of regulations 8A, 9, 10 and 10A
12 Payment of retirement sum
12A Payment from amount retained in retirement account where there is relevant property charge
Part III GENERAL PROVISIONS
13 Assessing value of immovable property
14 Restriction on mortgage of property
14A Payment of amount secured by charge or undertaking
15 Approved bank or approved annuity
16 Use of amount referred to in section 15(6C)(a) of Act
17 Amount deposited with approved bank
18 Purchase of approved annuity with amount from retirement account
18A Payment of premium for annuity plan under Scheme
19 Closure of account with approved bank, surrender of approved annuity, etc.
20 Death of member
21 Notional date of birth
22 Applications
23 Breach of Regulations
Legislative History