Singapore legislation

Regulation 2B

of Central Provident Fund (Refunds) Regulations 2019

Regulation 2B

Maximum recovery limit

Subregulation 1

For the purposes of determining the prescribed payment mentioned in regulation 3(p), the member’s maximum recovery limit for any month is the sum of —

(a)

the amount recoverable in respect of the member’s additional wages under section 7(2) of the Act (if any), computed as follows:

(i)

the amount is to be computed as if all of the member’s ordinary wages for that month and additional wages payable in that month are paid by a single employer;

(ii)

if there are different computations for different employers that paid any of the wages mentioned in sub‑paragraph (i), the computation that gives the highest amount is to be used; and

(b)

the amount recoverable in respect of the member’s platform remuneration under section 8A(2) of the Act (if any), computed as follows:

(i)

the amount is to be computed in accordance with paragraph 13(1)(a) of the Fourth Schedule to the Act, as if all of the member’s aggregate platform earnings for that month are from a single platform operator;

(ii)

if there are different computations for different platform operators that paid any of the aggregate platform earnings mentioned in sub‑paragraph (i), the computation that gives the highest amount is to be used.

Subregulation 2

For the purposes of computing a member’s maximum recovery limit for any month under paragraph (1) —

(a)

where the sum of the member’s additional wages payable in that month and the preceding months in the same year exceeds the member’s AW limit for that year, the amount of additional wages payable in that month in excess of that AW limit is to be disregarded;

(b)

the member’s AW limit for that year is the applicable amount for that year (specified in the First Schedule to the Act as in force during that year) less the sum of that member’s ordinary wages for that year;

(c)

where the sum of the member’s aggregate platform earnings payable in that month and the preceding months in the same year exceeds the member’s APE limit for that year, the amount of aggregate platform earnings payable in that month in excess of that APE limit is to be disregarded;

(d)

the member’s APE limit for that year is the applicable amount for that year (mentioned in sub-paragraph (b)) less the sum of that member’s ordinary wages for that year and that member’s additional wages payable in that month and the preceding months in the same year; and

(e)

in computing the amount of a member’s ordinary wages for any month, the amount of ordinary wages to be disregarded is to be determined in accordance with paragraph 4A of the First Schedule to the Act.