Central Provident Fund Act 1953 · 2020 Revised Edition · Part 1 · Preliminary
4. Membership of Board
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The Minister, with the President’s concurrence under Article 22A(1)(b) of the Constitution, must appoint a person (who is not the chief executive officer) as the Chairperson of the Board for a term of 3 years, or for such shorter term as the Minister may determine, and the Chairperson is eligible for re‑appointment.
chief executive officer
“chief executive officer” means the chief executive of the Board, and includes any individual acting in that capacity;
The Minister, with the President’s concurrence under Article 22A(1)(b) of the Constitution, may appoint any other member of the Board appointed under subsection (4) (who is not the chief executive officer) as the Deputy Chairperson of the Board.
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;
The Deputy Chairperson may, subject to such directions as may be given by the Chairperson, exercise all or any of the powers exercisable by the Chairperson under this Act.
The Minister, with the President’s concurrence under Article 22A(1)(b) of the Constitution, may appoint any other member of the Board appointed under subsection (4) (who is not the chief executive officer) to act temporarily as —
Board
“Board” means the Central Provident Fund Board constituted under section 3;
the Chairperson; or
the Deputy Chairperson,during the temporary incapacity from illness or otherwise, or during the temporary absence from Singapore, of the Chairperson or Deputy Chairperson, as the case may be.
The other members of the Board must be appointed by the Minister with the President’s concurrence under Article 22A(1)(b) of the Constitution and are to consist of the following persons:
2 public officers representing the Government;
2 persons representing employers;
2 persons representing employees; and
such other persons, not being more than 8, as the Minister may from time to time determine.
The Minister, with the President’s concurrence under Article 22A(1)(b) of the Constitution, may appoint the chief executive officer to be a member of the Board under subsection (4)(d).
Any appointment under subsection (2) or (4) may be for a term of 3 years or a shorter term determined by the Minister in any case, and each member so appointed is eligible for re-appointment.
The quorum of the Board is 5.
At a meeting of the Board in relation to any matter, the following person presides:
if the Chairperson is present and is not interested (within the meaning given by Part 4 of the Public Sector (Governance) Act 2018) in the matter — the Chairperson;
if the Chairperson is not present or is interested (within the meaning given by Part 4 of the Public Sector (Governance) Act 2018) in the matter, and the Deputy Chairperson who is not so interested in the matter is present — the Deputy Chairperson;
in any other case — the member elected from among the members present at the meeting.
The person specified in subsection (6)(b) or (c) may exercise the powers and perform the functions of the Chairperson for the purposes of the meeting.
The members of the Board are to be paid such allowances as may be fixed by the Minister.
The Minister may, at any time, accept the resignation of the Chairperson or any other member of the Board.
The Minister, with the President’s concurrence under Article 22A(1)(b) of the Constitution, may at any time revoke the appointment of the Chairperson or any other member of the Board.
Any person who is a Member of Parliament is disqualified from being appointed to or remaining a member of the Board.
The Chairperson may, by written instrument, authorise any member of the Board to exercise any power or perform any function conferred on the Chairperson by or under this Act.