Singapore legislation

Regulation 11

of Central Provident Fund (Revised Workfare Income Supplement Scheme) Regulations 2016

Regulation 11

Benefits for employed eligible member in applicable years before 2025

Subregulation 1

Subject to regulations 13E, 13F and 14A, the Board must, as soon as practicable after an employed eligible member is entitled to receive any benefit —

(a)

make a cash payment to the member of an amount, rounded up to the nearest dollar, equivalent to two‑fifths of the value of all benefits which the member is entitled to receive; and

(b)

credit, to any account of the member in the Fund as the Minister may direct, a relevant contribution of an amount equivalent to the difference between —

(i)

the value of all benefits which the member is entitled to receive; and

(ii)

the value of the cash payment under sub‑paragraph (a).

Subregulation 2

The value of the benefits, rounded to the nearest dollar, which an employed eligible member is entitled to receive for a relevant month is as set out —

(a)

in the Third Schedule for the applicable year 2017, 2018 or 2019;

(b)

in the Sixth Schedule for the applicable year 2020, 2021 or 2022; or

(c)

in the Ninth Schedule for the applicable year 2023 or 2024.

Regulation 11 — Central Provident Fund (Revised Workfare Income Supplement Scheme) Regulations 2016