Tag: CPF board

CPF Board: No changes to minimum interest rates until end of 2020

Singapore—In a joint press release from the Central Provident Fund (CPF) Board and the Housing and Development Board (HDB), it was announced on September 20, Friday, that minimum CPF interest rates would remain at the same rate until the end of 2020 "in view...

CPF board forces errant employers to pay almost S$2.7 billion from 2014

Singapore— The Central Provident Fund (CPF) Board has successfully retrieved nearly S$ 2.7 billion in the last five years in unpaid contributions from employers for the purpose of giving this money back to workers. A report from The Straits Times (ST) said that in 2018,...

CPF Board claims man who is missing for 23 years received $15,000 in cash and CPF – more than the continued Medishield premium deductions

The Central Provident Fund (CPF) Board has responded to a daughter's claim that it continues deducting MediShield premiums from the CPF account of her long lost father, who went missing 23 years ago. The authority has claimed that the man received more than the amount...

CPF Board now gives financial literacy lessons to students at secondary and tertiary institutions

The Central Provident Fund (CPF) Board is now giving financial literacy lessons to students at secondary and tertiary institutions, in an effort to motivate pupils to start saving early and "develop an appreciation for CPF." The programme was launched in February this year and the...

CPF member calls on the Govt to implement a state pension system to help the elderly retire

A 60-year-old Singaporean has asked the Government to implement a state pension fund to help the elderly in their retirement years, as he revealed that he will only receive 50 per cent of what he would need to meet what is considered decent living expenses,...

CPF Board loses bid to recover S$417,000 in arrears from Jurong Country Club

Singapore— On June 12, Wednesday, the High Court foiled a bid from the Central Provident Fund (CPF) Board to recover almost S$417,000 in alleged arrears of contributions over seven years for a gym instructor who had been employed at the Jurong Country Club (JCC),...