Singapore legislation
Regulation 8D
of Central Provident Fund (Retirement Sum Scheme) Regulations 1988
Regulation 8D
Transfer to retirement account when whole or part of reserved amount no longer required to be set aside
Where —
(a)
any reserved amount has been set aside in a member’s ordinary account under section 15(6) of the Act in respect of item 8 of the Schedule to the Central Provident Fund (Reserved Amount) Regulations 2014; and
(b)
the whole or any part of the reserved amount mentioned in paragraph (a) ceases to be set aside under regulation 3(5) of those Regulations,the Board must transfer the whole or part of the amount mentioned in paragraph (b) (which ceases to be set aside) to the member’s retirement account towards the maintenance of the retirement sum.