/akn/sg/act/sub_leg/1992/EESSA-RG3

Education Endowment and Savings Schemes (Post-secondary Education Scheme) Regulations

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Type
Subsidiary Legislation
Status
In force
Enacted
1992
Sections
11

Quick answer

About this subsidiary legislation

Education Endowment and Savings Schemes (Post-secondary Education Scheme) Regulations is Singapore Subsidiary Legislation, cited as Subsidiary Legislation EESSA-RG3 1992, currently marked in force and first recorded in 1992.

Regulation 1

Citation

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These Regulations may be cited as the Education Endowment and Savings Schemes (Post-Secondary Education Scheme) Regulations.

Regulation 2

Definitions

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Amended byS 231/2011 wef 01/05/2011S 231/2011 wef 01/05/2011S 231/2011 wef 01/05/2011S 231/2011 wef 01/05/2011

Subregulation 1

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Amended byS 231/2011 wef 01/05/2011S 231/2011 wef 01/05/2011S 231/2011 wef 01/05/2011

In these Regulations, unless the context otherwise requires —

Definition

“birth order”, in relation to a person, means the status of the person as the first, second, third, fourth, fifth or subsequent child of his mother or adoptive parent;

Suggest a correction

Definition

“Child Development Account” means a bank account opened and maintained for a member of the Child Development Co-Savings Scheme under regulation 4(3) of the Child Development Co-Savings Regulations (Cap. 38A, Rg 2), and includes any Children Development Account opened for a member of that Scheme before 1st May 2011;

Amended byS 231/2011 wef 01/05/2011
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Definition

“Child Development Co-Savings Scheme” means the Child Development Co-Savings Scheme established by regulation 3 of the Child Development Co-Savings Regulations;

Amended byS 231/2011 wef 01/05/2011
Suggest a correction

Definition

“co-savings arrangement” means the co-savings arrangement referred to in section 3(1)(a) of the Child Development Co-Savings Act (Cap. 38A);

Amended byS 231/2011 wef 01/05/2011
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Definition

“special education school” means a school which provides special education for pupils with physical or mental disabilities and which is set out in Part II of the Schedule to the Education Endowment and Savings Schemes (Edusave Pupils Fund) Regulations (Rg 1).

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Subregulation 2

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Amended byS 231/2011 wef 01/05/2011

In these Regulations, the birth order of any person to whom regulation 4B of the Child Development Co-Savings Regulations applies shall be determined or re-determined in accordance with that regulation.

Regulation 4

Members of PSE Fund

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Amended byS 231/2011 wef 01/05/2011S 231/2011 wef 01/05/2011S 231/2011 wef 01/05/2011S 736/2014 wef 10/11/2014S 599/2012 wef 05/12/2012S 736/2014 wef 10/11/2014S 599/2012 wef 05/12/2012

Subregulation 1

Suggest a correction
Amended byS 231/2011 wef 01/05/2011S 231/2011 wef 01/05/2011S 231/2011 wef 01/05/2011S 736/2014 wef 10/11/2014S 599/2012 wef 05/12/2012

A person who is born before 1st January 2006 shall become a member of the PSE Fund by virtue of section 16B of the Act if, in addition to being a citizen of Singapore —

(a)

he is eligible for the co-savings arrangement and, as at 31st December in the year in which the sixth anniversary of his date of birth falls —

(i)

no Child Development Account has been opened for him; or

(ii)

the aggregate amount of all co-payment contributions by the Government to his Child Development Account under regulation 6(2) of the Child Development Co-Savings Regulations (Cap. 38A, Rg 2) has not reached the maximum payable under regulation 6(3) of those Regulations;

(aa)immediately before 1st January in the year in which the seventh anniversary of his date of birth falls, there are moneys standing to his credit in his Child Development Account which are liable to be transferred under regulation 10(2)(a) of the Child Development Co-Savings Regulations; (b)there is a sum standing to his credit in his Edusave account which is liable to be transferred under section 13(1) of the Act, or section 13(2) or (3) of the Act as in force immediately before 10 November 2014; or

(c)

he is eligible for any cash grant referred to in section 16A(1)(e) of the Act.

Subregulation 2

Suggest a correction
Amended byS 736/2014 wef 10/11/2014S 599/2012 wef 05/12/2012

A person who is born on or after 1st January 2006 shall become a member of the PSE Fund by virtue of section 16B of the Act if, in addition to being a citizen of Singapore —

(a)

he is eligible for the co-savings arrangement and, as at 31st December in the year in which the twelfth anniversary of his date of birth falls —

(i)

no Child Development Account has been opened for him; or

(ii)

the aggregate amount of all co-payment contributions by the Government to his Child Development Account under regulation 6(2) of the Child Development Co-Savings Regulations has not reached the maximum payable under regulation 6(3) of those Regulations;

(b)

immediately before 1st January in the year in which the thirteenth anniversary of his date of birth falls, there are moneys standing to his credit in his Child Development Account which are liable to be transferred under regulation 10(2)(a) of the Child Development Co-Savings Regulations;

(c)

the trustee of his Child Development Account has made an election in accordance with regulation 10(3B)(a) of the Child Development Co-Savings Regulations and —

(i)

the aggregate amount of all co-payment contributions by the Government to his Child Development Account under regulation 6(2) of those Regulations has not reached the maximum payable under regulation 6(3) of those Regulations; or

(ii)

there are moneys standing to his credit in his Child Development Account which are liable to be transferred under regulation 10(3C)(a) of those Regulations;

(d)

there is a sum standing to his credit in his Edusave account which is liable to be transferred under section 13(1) of the Act, or section 13(2) or (3) of the Act as in force immediately before 10 November 2014; or

(e)

he is eligible for any cash grant referred to in section 16A(1)(e) of the Act.

Regulation 5

Contributions to be paid to eligible members of PSE Fund

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Amended byS 231/2011 wef 01/05/2011S 599/2012 wef 05/12/2012S 231/2011 wef 01/05/2011S 599/2012 wef 05/12/2012S 599/2012 wef 05/12/2012S 599/2012 wef 05/12/2012S 599/2012 wef 05/12/2012S 599/2012 wef 05/12/2012S 599/2012 wef 05/12/2012

Subregulation 1

Suggest a correction
Amended byS 231/2011 wef 01/05/2011S 599/2012 wef 05/12/2012S 231/2011 wef 01/05/2011S 599/2012 wef 05/12/2012S 599/2012 wef 05/12/2012S 599/2012 wef 05/12/2012

For the purposes of section 16C(2) of the Act, the maximum amount of contributions by or on behalf of a parent of an eligible member of the PSE Fund to the member’s PSE account shall be —

(a)

in a case where the member satisfies the requirements under regulation 4(1)(a)(i), the relevant amount specified in Part I of the First Schedule corresponding to both the member’s birth order and the time he becomes a citizen of Singapore; (b)in a case where the member satisfies the requirements under regulation 4(1)(a)(ii) —

(i)

the amount derived from the relevant formula specified in Part II of the First Schedule corresponding to both the member’s birth order and the time he becomes a citizen of Singapore; or

(ii)

if the amount referred to in sub-paragraph (i) is a negative amount, $0;

(c)

in a case where the member satisfies the requirements under regulation 4(2)(a)(i), the relevant amount specified in Part III of the First Schedule corresponding to both the member’s birth order and the time he becomes a citizen of Singapore; or

(d)

in a case where the member satisfies the requirements under regulation 4(2)(a)(ii) or (c)(i) —

(i)

the amount derived from the relevant formula specified in Part IV of the First Schedule corresponding to both the member’s birth order and the time he becomes a citizen of Singapore; or

(ii)

if the amount referred to in sub-paragraph (i) is a negative amount, $0.

Subregulation 2

Suggest a correction
Amended byS 599/2012 wef 05/12/2012

For the purposes of section 16C(4) of the Act, the maximum amount prescribed, being the maximum amount that the aggregate of —

(a)

all contributions made by the Government to the PSE account of an eligible member of the PSE Fund under section 16C(3) of the Act; and

(b)

all contributions, if any, made by the Government under the co-savings arrangement to the member’s Child Development Account, if any,shall not exceed, shall be the relevant amount specified —

(i)

in Part I of the Second Schedule corresponding to both the member’s birth order and the time he becomes a citizen of Singapore, in a case where the member satisfies the requirements under regulation 4(1)(a)(i) or (ii); or

(ii)

in Part II of the Second Schedule corresponding to both the member’s birth order and the time he becomes a citizen of Singapore, in a case where the member satisfies the requirements under regulation 4(2)(a)(i) or (ii) or (c)(i).

Subregulation 3

Suggest a correction

For the purposes of section 16C(7) of the Act, the PSE Scheme Administrator shall, as far as practicable, credit the Government’s contribution under section 16C(3) of the Act to the PSE account of an eligible member of the PSE Fund by the last day of the month immediately following the month in which the corresponding contribution under section 16C(1) of the Act was made to that account.

Subregulation 4

Suggest a correction
Amended byS 599/2012 wef 05/12/2012

For the purposes of section 16C(10) of the Act and this regulation, an eligible member of the PSE Fund is a member of that Fund —

(a)

who satisfies the requirements under regulation 4(1)(a)(i) or (2)(a)(i);

(b)

in respect of whom the following requirements are satisfied:

(i)

the member satisfies the requirements under regulation 4(1)(a)(ii); and

(ii)

the trustee of the member’s Child Development Account has not made an election in accordance with regulation 10(3) of the Child Development Co-Savings Regulations (Cap. 38A, Rg 2); or

(c)

in respect of whom the following requirements are satisfied:

(i)

the member satisfies the requirements under regulation 4(2)(a)(ii) or (c)(i); and

(ii)

in a case where the member is born on or after 1st January 2006 but before 1st January 2008, the trustee of the member’s Child Development Account has not made an election in accordance with regulation 10(3A) of the Child Development Co-Savings Regulations.

Subregulation 5

Suggest a correction
Amended byS 599/2012 wef 05/12/2012

For the purposes of paragraph (1), the maximum amount of contributions by or on behalf of a parent of an eligible member of the PSE Fund to the member’s PSE account shall include any contributions made by or on behalf of a parent of the member to the member’s Child Development Account which are subsequently transferred to the member’s PSE account.

Regulation 6

Conditions for withdrawal from PSE Fund

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Amended byS 116/2018 wef 01/03/2018

Subregulation 1

Suggest a correction

For the purposes of section 16D(2)(b) of the Act, the parent of a PSEF member below the age of 21 years, or a PSEF member who has attained the age of 21 years, is entitled to withdraw at any time the sum standing to the credit of the PSEF member in the PSEF member’s PSE account —

(a)

to pay for every approved fee or charge incurred or to be incurred in respect of the enrolment of the PSEF member in, or any programme which is attended by the PSEF member at, any special education school;

(b)

to repay any loan granted by the Government to the PSEF member for the payment of any fees or charges incurred or to be incurred in respect of any approved course of study or programme that is attended or to be attended by the PSEF member at any approved institution; or

(c)

to repay to the account of a CPF member in the Central Provident Fund —

(i)

any sum withdrawn by the CPF member under section 22(1) of the Central Provident Fund Act (Cap. 36) for the payment of tuition fees payable by the PSEF member for a course of study attended by the PSEF member; or

(ii)

the whole or such part, as determined by the CPF Board, of the interest that would have been payable on the sum mentioned in sub‑paragraph (i).

Subregulation 2

Suggest a correction
Amended byS 116/2018 wef 01/03/2018

In this regulation —

Definition

“approved course of study or programme” means a course of study or programme approved by the Minister for the purposes of section 16D(2) of the Act;

Suggest a correction

Definition

“approved fee or charge” means a fee or charge of a type approved by the Minister for the purposes of paragraph (1)(a);

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Definition

“approved institution” means an institution approved by the Minister for the purposes of section 16D(2) of the Act;

Suggest a correction

Definition

“Central Provident Fund” means the Central Provident Fund established under section 6 of the Central Provident Fund Act;

Suggest a correction

Definition

“CPF Board” means the Central Provident Fund Board constituted under section 3 of the Central Provident Fund Act;

Suggest a correction

Definition

“CPF member” means any person to whose credit any amount is standing in the Central Provident Fund, or for whom any account in the Central Provident Fund is maintained for any of the purposes of the Central Provident Fund Act;

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Definition

“PSEF member” means a member of the PSE Fund.

Amended byS 116/2018 wef 01/03/2018
Suggest a correction

Regulation 7

Refund of member’s moneys to PSE Fund

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Amended byS 736/2014 wef 10/11/2014

Subregulation 1

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Amended byS 736/2014 wef 10/11/2014

Where —

(a)

any sum standing to the credit of a member in his PSE account has been withdrawn and paid to any person operating any approved institution or special education school for any purpose under section 16D(2) of the Act; but(b)the whole or any part of that sum is not used for that purpose,the person operating the approved institution or special education school shall refund the unused whole or part of that sum to the PSE Fund to the credit of the member.

Subregulation 2

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Every refund under paragraph (1) shall be made in such manner as may be required by the PSE Scheme Administrator.

Subregulation 3

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In paragraph (1), “approved institution” means an institution approved by the Minister for the purposes of section 16D(2) of the Act.

Regulation 7A

Donation to prescribed charity

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Amended byS 736/2014 wef 10/11/2014

For the purposes of section 16DA(1) of the Act, the prescribed charity is the Education Fund established under the Financial Procedure Act (Cap. 109).

Regulation 8

Transfer of member’s moneys in PSE Fund

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Subregulation 2

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[Deleted by S 736/2014 wef 10/11/2014]

Subregulation 3

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For the purposes of the definition of “relevant age” in section 16E(5) of the Act, the age prescribed for the purposes of section 16E of the Act shall be the age of 30 years.

Regulation 9

Application for withdrawal or transfer of moneys from PSE account

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Amended byS 243/2024 wef 01/04/2024S 243/2024 wef 01/04/2024S 243/2024 wef 01/04/2024

Subregulation 1

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Every application for the withdrawal or transfer of moneys from a member’s PSE account shall be made to the PSE Scheme Administrator in such form as may be required by the PSE Scheme Administrator.

Subregulation 2

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Amended byS 243/2024 wef 01/04/2024

An application may be a standing order for withdrawals to pay the fees or charges mentioned in section 22(2)(a) of the Act or regulation 6(1)(a) and selected in the application form, whenever they become payable.

Subregulation 3

Suggest a correction
Amended byS 243/2024 wef 01/04/2024

The member’s parent, or, where the member is at least 21 years old, the member, may by written notice to the PSE Scheme Administrator request the cancellation of a standing order.

Subregulation 4

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Amended byS 243/2024 wef 01/04/2024

A withdrawal under a standing order must not be made after the PSE Scheme Administrator has cancelled the standing order.

Regulation 10

Unclaimed moneys in PSE Fund

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Any amount in the PSE Fund which is unclaimed may be transferred to the Consolidated Fund in accordance with section 16A(5) of the Act.

Common questions

What is Education Endowment and Savings Schemes (Post-secondary Education Scheme) Regulations?
Education Endowment and Savings Schemes (Post-secondary Education Scheme) Regulations is Singapore Subsidiary Legislation, cited as Subsidiary Legislation EESSA-RG3 1992, currently marked in force and first recorded in 1992.
Is Education Endowment and Savings Schemes (Post-secondary Education Scheme) Regulations still in force?
Yes — Education Endowment and Savings Schemes (Post-secondary Education Scheme) Regulations is currently in force.
When did Education Endowment and Savings Schemes (Post-secondary Education Scheme) Regulations take effect?
Education Endowment and Savings Schemes (Post-secondary Education Scheme) Regulations was first recorded in 1992.
How many regulations does Education Endowment and Savings Schemes (Post-secondary Education Scheme) Regulations have?
Education Endowment and Savings Schemes (Post-secondary Education Scheme) Regulations contains 11 regulations.
Where can I read the official version of Education Endowment and Savings Schemes (Post-secondary Education Scheme) Regulations?
The official text of Education Endowment and Savings Schemes (Post-secondary Education Scheme) Regulations is published at sso.agc.gov.sg.