Regulation 10
Transfer to retirement account of moneys credited under section 13C of Act arising from property charge that ceased to be in force
of Central Provident Fund (Retirement Sum Topping-Up Scheme) Regulations 1995
Subsidiary LegislationIn forceProvision 13 of 22
Regulation 10
Subregulation 1
This regulation applies where moneys are paid to the Fund under the circumstances set out in regulation 3 of the Central Provident Fund (Prescribed Circumstances under Section 13C) Regulations 2022 and credited under section 13C of the Act to the member’s ordinary account or special account or both.
Subregulation 2
The Board must transfer to the member’s retirement account, towards the maintenance of the retirement sum, the amount so credited under section 13C of the Act.