Tag: CPF contribution

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,...

“Treat our ageing workforce as an opportunity and not a burden” Minister Teo

Singapore — Manpower Minister Josephine Teo expounded on government's announcements regarding the raising of retirement age and CPF contributions during the annual dinner of the Economic Society of Singapore on Thursday (Aug 22) held at the Mandarin Orchard hotel. Minister Teo stated that by regarding...

MPs, NMPs react to NDR announcement of higher CPF contribution rates for older workers

Singapore — One significant part of Prime Minister Lee Hsien Loong’s National Day Rally speech was the announcement that from 2021, CPF contribution rates for workers older than 55 will be increased, and that after these changes are made, employees ages 60 and below...