Singapore legislation

Regulation 13

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

Regulation 13

Benefits for dual status eligible member in relevant years before 2025

Subregulation 1

Subject to regulations 13E, 13F and 14A, the Board must, as soon as practicable after a dual status 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 which a dual status eligible member is entitled to receive in a relevant year is the amount, rounded to the nearest dollar, determined in accordance with the formula (A × B) – C, where —

(a)

A is the amount that is applicable to the member as set out —

(i)

in the Fifth Schedule if the relevant year is 2017, 2018 or 2019;

(ii)

in the Eighth Schedule if the relevant year is 2020, 2021 or 2022; or

(iii)

in the Eleventh Schedule if the relevant year is 2023 or 2024;

(b)

B is the total number of months in the relevant year in which the member has worked as an employee, a self‑employed person or both; and

(c)

C is the total value of the benefits which the member received in the relevant year as an employed eligible member as set out in the Third Schedule, the Sixth Schedule or the Ninth Schedule, as the case may be.

Read in full context — Central Provident Fund (Revised Workfare Income Supplement Scheme) Regulations 2016 →