Singapore legislation
Regulation 3
of Central Provident Fund (Retirement Sum Scheme) Regulations 1988
Regulation 3
Definitions
Subregulation 1
In these Regulations —[Deleted by S 158/2026 wef 01/04/2026](2) The amount which a member is entitled to withdraw each month under section 15(7) of the Act is as specified in regulation 14.
Definition
“annuity plan” has the meaning given by section 27J of the Act;
Definition
“insurer” means any person registered under the Insurance Act 1966 to carry on insurance business in Singapore;
Definition
“member with partial benefits” means a member who has a pension, annuity or other benefit that —
provides the member with a monthly income which is less in value than the payout benchmark applicable to the member; and
is approved by the Board —
for the purposes of section 15AA(2)(b) of the Act or a former provision; or
to be taken into account in computing the retirement sum that has been set aside, for the purposes of these Regulations;
Definition
“member’s balance” means the amount mentioned in section 15(6C)(a) of the Act, and any interest accruing on that amount, standing to the credit of the member;
Definition
“monthly income” means the income which a member is entitled —
to withdraw monthly from the amount standing to the member’s credit in the member’s retirement account that is deposited with an approved bank or retained in that account under section 15(6C)(a) of the Act; or
to be paid monthly under an approved annuity purchased under section 15(6C)(b) of the Act,after the member has attained 60 years of age;
Definition
“relevant member” and “Scheme” have the meanings given by section 27J of the Act;
Definition
“relevant property charge” means —
a charge under section 21(1), 21A(1), 21B(1), 27E(1)(h) or 27F(1)(h) of the Act; or
a continued charge constituted under section 21C(1)(d) of the Act, where the relevant charge mentioned in section 21C(1)(a) of the Act in relation to the continued charge is —
a charge mentioned in paragraph (a); or
another continued charge that satisfies this paragraph;
Definition
“relevant transaction” has the meaning given by section 21E(1) of the Act read with regulation 19 of the Central Provident Fund Regulations 1987;
Definition
“section 21C(1) charge A” means a continued charge constituted under section 21C(1)(d) of the Act, where the relevant charge mentioned in section 21C(1)(a) of the Act in relation to the continued charge is —
a charge under section 15AB(1), (2), (10) or (11) of the Act or a former provision; or
another section 21C(1) charge A;
Definition
“section 21C(1) charge C” means a continued charge constituted under section 21C(1)(d) of the Act, where the relevant charge mentioned in section 21C(1)(a) of the Act in relation to the continued charge is —
a charge under section 27C(1)(i), 27D(1)(j)(ii) or 27DA(1)(i) of the Act; or
another section 21C(1) charge C;
Definition
“section 21C(2) undertaking A” means an undertaking deemed to be given under section 21C(2) of the Act, where the relevant undertaking mentioned in section 21C(2)(a) of the Act in relation to the deemed undertaking is —
an undertaking under section 15AB(3) or (4) of the Act or a former provision;
a section 21D(1) undertaking A; or
another section 21C(2) undertaking A;
Definition
“section 21C(2) undertaking B” means an undertaking deemed to be given under section 21C(2) of the Act, where the relevant undertaking mentioned in section 21C(2)(a) of the Act in relation to the deemed undertaking is —
an undertaking under section 27D(1)(j)(i) of the Act;
a section 21D(1) undertaking B; or
another section 21C(2) undertaking B;
Definition
“section 21D(1) undertaking A” means an undertaking deemed to be given under section 21D(1) of the Act, where the relevant undertaking mentioned in that provision in relation to the deemed undertaking is —
an undertaking under section 15AB(3) or (4) of the Act or a former provision;
a section 21C(2) undertaking A; or
another undertaking deemed to be given under section 21D(1) of the Act, where the relevant undertaking mentioned in that provision in relation to the deemed undertaking is an undertaking mentioned in paragraph (a) or (b);
Definition
“section 21D(1) undertaking B” means an undertaking deemed to be given under section 21D(1) of the Act, where the relevant undertaking mentioned in that provision in relation to the deemed undertaking is —
an undertaking under section 27D(1)(j)(i) of the Act;
a section 21C(2) undertaking B; or
another undertaking deemed to be given under section 21D(1) of the Act, where the relevant undertaking mentioned in that provision in relation to the deemed undertaking is an undertaking mentioned in paragraph (a) or (b).