Central Provident Fund (Specified Employees Aged 60 Years and Above) Regulations 1998

No. S 223

Central Provident Fund Act

(Chapter 36)

Central Provident Fund (Specified Employees Aged 60
Years and Above) Regulations 1998

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

Citation and commencement

1. These Regulations may be cited as the Central Provident Fund (Specified Employees Aged 60 Years and Above) Regulations 1998 and shall come into operation on 9th April 1998.

Application

2.—(1) These Regulations shall apply in respect of any employee (referred to in these Regulations as a specified employee) —

(a)	who is of or above the age of 60 years old;
(b)	who has, on or after 9th April 1998, entered into an agreement with his employer to extend his service under his existing contract of service beyond the prescribed retirement age under the Retirement Age Act (Cap.274A);
(c)	who has agreed with his employer that the rates of contribution payable for him and that may be recoverable from his wages shall be at the appropriate rates set out in the Schedules; and
(d)	whose employer has obtained the Minister’s approval to the agreement referred to in sub-paragraph (c).

(2) The Minister’s approval under paragraph (1)(d) may be subject to such conditions as the Minister thinks fit to impose.

(3) Regulation 3 shall cease to apply if any of the conditions for the Minister’s approval imposed under paragraph (2) is breached.

Contributions payable in respect of specified employees

3.—(1) The contributions payable in respect of, and recoverable from the wages of, a specified employee who is in the pensionable employment of the Government shall be in accordance with the rates set out in the First Schedule, read with the Fifth Schedule, instead of the rates set out in —

(a)	the First Schedule to the Act;
(b)	the Schedule to the Central Provident Fund (Permanent Residents - Employees) Regulations (Rg 21); or
(c)	the First Schedule to the Central Provident Fund (Government Employees) Regulations (Rg 23).

(2) The contributions payable in respect of, and recoverable from the wages of, a specified employee who is in the non-pensionable employment of the Government shall be in accordance with the rates set out in the Second Schedule, read with the Fifth Schedule, instead of the rates set out in —

(a)	the First Schedule to the Act;
(b)	the Schedule to the Central Provident Fund (Permanent Residents - Employees) Regulations; or
(c)	the Second Schedule to the Central Provident Fund (Government Employees) Regulations.

(3) The contributions payable in respect of, and recoverable from the wages of, a specified employee who is not in the employ of the Government, nor a member of an approved employees’ scheme under section 70(1) of the Act, shall be in accordance with the rates set out in the Third Schedule, read with the Fifth Schedule, instead of the rates set out in —

(a)	the First Schedule to the Act; or
(b)	the Schedule to the Central Provident Fund (Permanent Residents - Employees) Regulations.

(4) The contributions payable in respect of, and recoverable from the wages of, a specified employee who is member of an approved employees’ scheme under section 70(1) of the Act shall be in accordance with the rates set out in the Fourth Schedule, read with the Fifth Schedule, instead of the rates set out in —

(a)	the First Schedule to the Act;
(b)	the Schedule to the Central Provident Fund (Permanent Residents - Employees) Regulations (Rg 21); or
(c)	the Schedule to the Central Provident Fund (Approved Employees’ Scheme) Regulations (Rg 24).

Original scheme of contributions

4. Nothing in these Regulations shall prevent an employer, if he wishes, from paying contributions for, and recovering the contributions from the wages of, a specified employee at the appropriate rates set out in —

(a)	the First Schedule to the Act;
(b)	the Central Provident Fund (Permanent Residents - Employees) Regulations;
(c)	the Central Provident Fund (Government Employees) Regulations (Rg 23); or
(d)	the Central Provident Fund (Approved Employees’ Scheme) Regulations,

which would otherwise apply but for these Regulations

Made this 4th day of April 1998.

TAN CHIN NAM

Permanent Secretary,
Ministry of Manpower,
Singapore.

[ML S 5.2/85; AG/LEG/SL/36/97/4 Vol. 1]

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

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