Singapore legislation

Regulation 5BA

of Central Provident Fund (Lifelong Income Scheme) Regulations 2009

Regulation 5BA

Excluded members

Subregulation 1

The following classes of excluded members are prescribed for the purposes of section 27K(3) of the Act:

(a)

any member who —

(i)

is entitled to withdraw the amount standing to the member’s credit in the Fund under section 15AA(1), (2)(a) or (b) or (3)(a) or (b) of the Act or a former provision (as the case may be), and the Board has (before, on or after 1 May 2016) approved the member’s application to make such a withdrawal; and

(ii)

does not have an annuity plan;

(b)

any member who —

(i)

has attained 80 years of age; and

(ii)

does not have an annuity plan.

Subregulation 2

In this regulation, “former provision” means section 15(2)(d), (e), (f) or (g), (7A)(a), (b), (c), (d) or (e) or (8)(a), (b), (c), (d) or (e) of the Act as in force before 1 March 2022.

Read in full context — Central Provident Fund (Lifelong Income Scheme) Regulations 2009 →