Singapore legislation
Regulation 8C
of Central Provident Fund (Retirement Sum Scheme) Regulations 1988
Regulation 8C
Transfer to ordinary account of moneys credited or refunded to retirement account
Subregulation 1
This regulation applies where —
a member’s moneys in the retirement account or special account is transferred —
to the retirement account of a relevant individual under section 18(1)(a) or (2)(a) of the Act; or
to the special account of a relevant individual under section 18(3)(a) of the Act; and
the transferred amount in sub‑paragraph (a), or the balance of that amount, is then —
credited to the member’s retirement account under section 19(2) or 19A(2) of the Act as in force immediately before 1 April 2022; (ii)refunded to the member’s retirement account under section 19(1) of the Act as in force on or after 1 April 2022 or section 19D(2) or (7)(a) of the Act; or
paid to the member’s retirement account under section 19(2A) of the Act.
Subregulation 2
The Board must, immediately after the amount in paragraph (1)(b) is credited or refunded, transfer the credited or refunded amount to the member’s ordinary account.