Singapore legislation
Regulation 2
of Central Provident Fund (Lifelong Income Scheme) Regulations 2009
Regulation 2
Definitions
In these Regulations —“annuity plan”, “premium”, “relevant age”, “relevant member” and “Scheme” have the meanings given by section 27J of the Act;“applicable age”, in relation to an annuity plan issued to a relevant member, means —
where the relevant member is not an applicable member — the higher of the following: (i)the prescribed age applicable to the relevant member under section 15(7) of the Act when the annuity plan is issued;
the relevant member’s age on the last day of the month in which the annuity plan is issued; or
where the relevant member is an applicable member —
in any case where the Board is notified (in such manner as the Board may require), before the relevant member attains 60 years of age, that the member is an applicable member and that an annuity plan has been issued to him or her — 60 years of age;
in any case where the Board is notified (in such manner as the Board may require) —
if the specified age of the relevant member is above 60 years of age — after the relevant member attains 60 years of age and before the relevant member attains his or her specified age; or
in any other case — after the relevant member attains 60 years of age, that the relevant member is an applicable member and an annuity plan has been issued to him or her, the higher of the following: (C)the relevant member’s age on the last day of the month immediately following the month in which the Board is so notified;
the relevant member’s age on the last day of the month in which the annuity plan is issued; or
in any other case, the higher of the following: (A)the specified age of the relevant member;
the relevant member’s age on the last day of the month in which the annuity plan is issued;“applicable member” means a member who is a person mentioned in paragraph 3(2)(b), (h), (i), (j) or (k) of the Retirement and Re‑employment (Exemption) Notification 2011;“assessment date” and “excluded member” have the meanings given by section 27K(9) of the Act;“Board’s website” means the Board’s website at https://www.cpf.gov.sg;“closing time”, in relation to a working day, means —
if the working day is the eve of New Year’s Day, Chinese New Year or Christmas Day — 12 noon; or
in any other case — 5 p.m.;“Lease Buyback Scheme” means a scheme administered by the Housing and Development Board, under which a lessee of an HDB flat who has been approved by the Housing and Development Board to take part in the scheme enters into an agreement with the Housing and Development Board to reduce the term of the lease, in consideration of a sum of money —
which is to be paid in accordance with the terms and conditions of the scheme; and
the whole or part of which may be used for the payment of a premium for an annuity plan under the Scheme;“order of court” and “spouse” have the meanings given by section 27A of the Act;“permitted person” means —
for any application under section 27P(1)(b) of the Act — the spouse of a relevant member; (b)for any order of court — a relevant member or the spouse of a relevant member; or
any other person whom the Board permits to serve the application or order of court, as the case may be;“relevant document” means —
any application under section 27P(1)(b) of the Act; or
any order of court;“specified age” means —
in the case of a member who attained 55 years of age before 1 January 1999 — 60 years of age;
in the case of a member who attained 55 years of age on or after 1 January 1999 but before 1 January 2005 — 62 years of age;
in the case of a member who attained 55 years of age on or after 1 January 2005 but before 1 January 2007 — 63 years of age;
in the case of a member who attained 55 years of age on or after 1 January 2007 but before 1 January 2009 — 64 years of age; or
in the case of a member who attains 55 years of age on or after 1 January 2009 — 65 years of age;“working day” means any day other than a Saturday, Sunday or public holiday.
Definition
“annuity plan”, “premium”, “relevant age”, “relevant member” and “Scheme” have the meanings given by section 27J of the Act;
Definition
“applicable age”, in relation to an annuity plan issued to a relevant member, means —
where the relevant member is not an applicable member — the higher of the following: (i)the prescribed age applicable to the relevant member under section 15(7) of the Act when the annuity plan is issued;
the relevant member’s age on the last day of the month in which the annuity plan is issued; or
where the relevant member is an applicable member —
in any case where the Board is notified (in such manner as the Board may require), before the relevant member attains 60 years of age, that the member is an applicable member and that an annuity plan has been issued to him or her — 60 years of age;
in any case where the Board is notified (in such manner as the Board may require) —
if the specified age of the relevant member is above 60 years of age — after the relevant member attains 60 years of age and before the relevant member attains his or her specified age; or
in any other case — after the relevant member attains 60 years of age, that the relevant member is an applicable member and an annuity plan has been issued to him or her, the higher of the following: (C)the relevant member’s age on the last day of the month immediately following the month in which the Board is so notified;
the relevant member’s age on the last day of the month in which the annuity plan is issued; or
in any other case, the higher of the following: (A)the specified age of the relevant member;
the relevant member’s age on the last day of the month in which the annuity plan is issued;
Definition
“applicable member” means a member who is a person mentioned in paragraph 3(2)(b), (h), (i), (j) or (k) of the Retirement and Re‑employment (Exemption) Notification 2011;
Definition
“assessment date” and “excluded member” have the meanings given by section 27K(9) of the Act;
Definition
“Board’s website” means the Board’s website at https://www.cpf.gov.sg;
Definition
“closing time”, in relation to a working day, means —
if the working day is the eve of New Year’s Day, Chinese New Year or Christmas Day — 12 noon; or
in any other case — 5 p.m.;
Definition
“Lease Buyback Scheme” means a scheme administered by the Housing and Development Board, under which a lessee of an HDB flat who has been approved by the Housing and Development Board to take part in the scheme enters into an agreement with the Housing and Development Board to reduce the term of the lease, in consideration of a sum of money —
which is to be paid in accordance with the terms and conditions of the scheme; and
the whole or part of which may be used for the payment of a premium for an annuity plan under the Scheme;
Definition
“order of court” and “spouse” have the meanings given by section 27A of the Act;
Definition
“permitted person” means —
for any application under section 27P(1)(b) of the Act — the spouse of a relevant member; (b)for any order of court — a relevant member or the spouse of a relevant member; or
any other person whom the Board permits to serve the application or order of court, as the case may be;
Definition
“relevant document” means —
any application under section 27P(1)(b) of the Act; or
any order of court;
Definition
“specified age” means —
in the case of a member who attained 55 years of age before 1 January 1999 — 60 years of age;
in the case of a member who attained 55 years of age on or after 1 January 1999 but before 1 January 2005 — 62 years of age;
in the case of a member who attained 55 years of age on or after 1 January 2005 but before 1 January 2007 — 63 years of age;
in the case of a member who attained 55 years of age on or after 1 January 2007 but before 1 January 2009 — 64 years of age; or
in the case of a member who attains 55 years of age on or after 1 January 2009 — 65 years of age;
Definition
“working day” means any day other than a Saturday, Sunday or public holiday.