Singapore legislation

Regulation 13A

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

Regulation 13A

Benefits for eligible members in applicable year 2025 or later or relevant year 2025 or later

Subject to regulations 13E, 13F and 14A, the Board must, as soon as practicable after an eligible member is entitled to receive any benefit for a relevant month in an applicable year that is 2025 or later, or for a relevant year that is 2025 or later (as the case may be) —

(a)

make a cash payment to the member of an amount, rounded up to the nearest dollar, equivalent to the specified proportion mentioned in regulation 13B of the value of all benefits which the member is entitled to receive for that relevant month in the applicable year, or for that relevant year; and

(b)

credit, to any account of the member in the Fund as the Minister may direct or to the member’s medisave account (as the case may be), a relevant contribution, of an amount equivalent to the difference between —

(i)

the value of all benefits which the member is entitled to receive for that relevant month in the applicable year or for that relevant year, as the case may be; and

(ii)

the value of the cash payment under sub‑paragraph (a) that is related to that benefit.

Regulation 13A — Central Provident Fund (Revised Workfare Income Supplement Scheme) Regulations 2016