Singapore legislation

Clause 24

of Central Provident Fund (Amendment) Bill

Clause 24

Amendment of section 28

Section 28(1) of the principal Act is amended —

(a)

by deleting the definition of “incapacitated” and substituting the following definitions:“ “incapacitated” means suffering from —

(a)

a total permanent disability; or

(b)

a terminal illness which arises on or after the date of commencement of section 24 of the Central Provident Fund (Amendment) Act 2016,and “incapacity” is to be construed accordingly;“insured sum” means the sum prescribed in regulations made under this Part which is payable on the death or incapacity of a Scheme member;”;

(b)

by deleting the definition of “member of the Scheme” and substituting the following definition:“ “member of the Scheme” or “Scheme member” means a person who is insured under the Scheme;”; and

(c)

by deleting the full-stop at the end of the definition of “Scheme” and substituting a semi-colon, and by inserting immediately thereafter the following definitions:“ “terminal illness” means any illness that a registered medical practitioner under the Medical Registration Act (Cap. 174) certifies is expected to result in death within 12 months;“total permanent disability” means —

(a)

being physically or mentally incapacitated from ever continuing in any employment; or

(b)

the total or permanent loss, which arises on or after the date of commencement of section 24 of the Central Provident Fund (Amendment) Act 2016, of the physical function of —

(i)

2 eyes;

(ii)

2 limbs; or

(iii)

one eye and one limb.”.

Clause 24 — Central Provident Fund (Amendment) Bill