Central Provident Fund Act 1953 · 2020 Revised Edition · Part 2 · Contributions to Fund
14. Crediting of cash grant or specified payment to Fund
Feedback & supportLast amended by an amending law of 2021. 2 amendments in all.
The Board may after 1 June 1984 accept any cash grant made by the Government for the benefit of any person who qualifies for such grant under any approved scheme, and the Board must credit the cash grant into such account in the Fund of that person as the Minister may direct.
Board
“Board” means the Central Provident Fund Board constituted under section 3;
The Board may, in the circumstances approved by the Minister, credit the amount of a specified payment to be paid to a person into such account of that person in the Fund as the Minister may direct, instead of paying the specified payment directly to the person.
A cash grant or specified payment credited into a member’s account in the Fund under subsection (1) or (1A) (as the case may be) is deemed to be a contribution to the member for the purposes of this Act.
member
“member of the Fund” or “member” means any person to whose credit any amount is standing in the Fund, or for whom any account in the Fund is maintained for any of the purposes of this Act;
Any cash grant or specified payment credited into a member’s account in the Fund under subsection (1) or (1A) or interest thereon may be withdrawn by the member under this Act for the purposes of the cash grant or specified payment (as the case may be) and in such manner as the Board may determine.
Subject to any limitations prescribed by regulations made under section 77(1), in the circumstances mentioned in subsection (3AA), the Board is entitled to recover on behalf of the Government the following amounts from any moneys standing to the credit of any person in the Fund:
the whole or part of the amount of any cash grant or specified payment credited into the Fund under subsection (1) or (1A) (as the case may be) for the benefit of the person;
any interest which the person is liable to pay to the Government under the terms of any cash grant or specified payment mentioned in paragraph (a).
The following circumstances are specified for the purposes of subsection (3):
before, on or after the date of commencement of section 42 of the Central Provident Fund (Amendment) Act 2021, the person mentioned in subsection (3) —
has obtained the cash grant or specified payment mentioned in that subsection, by means of any false or misleading statement or any document that is false or misleading in any particular;
has committed a breach of any of the terms and conditions of the cash grant or specified payment mentioned in that subsection; or
is eligible to receive another cash grant or specified payment, or a cash grant or specified payment of a different amount, in place of the cash grant or specified payment to be recovered;
the person mentioned in subsection (3) no longer satisfies a continuing condition (if any) of the cash grant or specified payment mentioned in that subsection.
The Board is entitled to recover on behalf of the Government the whole or part of the amount of any cash grant or specified payment paid into the Fund under subsection (1) or (1A), as the case may be, for the benefit of any person, from any money standing to the credit of that person in the Fund before, on or after the expiry of the prescribed period mentioned in paragraph (b) if —
the whole or part of the cash grant or specified payment is paid in error into the person’s account in the Fund before, on or after 1 January 2017; and
before the expiry of the prescribed period beginning on the date on which the cash grant or specified payment was paid into the person’s account in the Fund in error —
the Board issues a notice of intent to recover that amount, whether or not received by the person; or
the Government, in such manner as the Board may require, requests the Board to recover that amount.
Where the Board has, before 1 January 2017, recovered any of the following amounts, the recovered amounts are taken to be and always to have been validly recovered and no legal proceedings lie or may be instituted or maintained in any court of law in respect of any such recovery:
the whole or part of the amount of any cash grant or payment paid in error into a person’s account in the Fund;
any interest on any cash grant or payment mentioned in paragraph (a).
Where the Board has recovered any amount from a person’s account in the Fund under subsection (3) or (3A), the Board may transfer, from the person’s account in the Fund to the general moneys of the Fund, the whole or such part, as the Board may determine, of any interest paid on the recovered amount while the recovered amount was in the person’s account in the Fund.
general moneys of the Fund
“general moneys of the Fund” means the moneys of the Fund (whether or not standing to the credit of any member in the Fund) that are not accounted for in any subsidiary account maintained for a member in respect of the money standing to the member’s credit in the Fund;
Any interest transferred to the general moneys of the Fund before 1 January 2017, which if transferred on or after that date would be permitted under subsection (3C), is taken to be and always to have been validly transferred, and no legal proceedings lie or may be instituted or maintained in any court of law in respect of any such transfer.
Any money recovered by the Board from any person under subsection (3) must be refunded forthwith to the Government.
Despite sections 20(1)(b) and (1A), 25 and 25A —
the Board may recover or transfer (as the case may be) any amount from a person’s account in the Fund under this section even after the person’s death; and
where, before 1 January 2017, the Board had recovered or transferred (as the case may be) any amount from a person’s account in the Fund after the person’s death, which if recovered or transferred on or after that date would be permitted under this section, the amount is taken to be and always to have been validly recovered or transferred, and no legal proceedings lie or may be instituted or maintained in any court of law on account of or in respect of any such recovery or transfer.
Subsections (3) to (3D) and (4A) apply despite any other provisions of this Act, but are without prejudice to any other right of action or remedy which the Board or the Government may have under any written law or rule of law.
In this section —
“approved scheme” means a scheme approved by the Minister;
Scheme
“Scheme” means the Lifelong Income Scheme established and maintained by the Board under section 27K.
“cash grant” means a cash grant made by the Government under any approved scheme;
“continuing condition”, in relation to a cash grant or specified payment, means a condition that —
a person must continue to satisfy after the cash grant or specified payment is credited into the account of the person in the Fund; and
on or before the crediting of that cash grant or specified payment into the account of the member in the Fund, has been —
made known to the person; or
publicised in a prescribed manner (which may include publication on a website);
“specified payment” means any payment to be made by the Board to a person pursuant to —
any activity engaged in by the Board under section 76(1)(a) whether before, on or after the date of commencement of section 42 of the Central Provident Fund (Amendment) Act 2021; or
any written law other than this Act.