FIRST SCHEDULE
Rates of Contribution
1. Subject to paragraphs 2 to 7, with effect from 1st January 2001 the contributions payable by the employer and the amount recoverable from the employee’s wages are as follows:
55 Years of Age and below | Above 55 but not more than 60 Years of Age | Above 60 but not more than 65 Years of Age | Above 65 Years of Age | |||||
Total amount of the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. |
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) |
Not exceeding $50 | NIL | NIL | NIL | NIL | NIL | NIL | NIL | NIL |
Exceeding $50 but not exceeding $200 | An amount equal to 16% of the total amount of the employee’s wages for the month. | NIL | An amount equal to 6% of the total amount of the employee’s wages for the month. | NIL | An amount equal to 3.5% of the total amount of the employee’s wages for the month. | NIL | An amount equal to 3.5% of the total amount of the employee’s wages for the month. | NIL |
Exceeding $200 but not exceeding $363 | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of 1/4 of the difference between the total amount of the employee’s wages for the month and $200. | An amount equal to the sum of — | An amount equal to the sum of 1/6 of the difference between the total amount of the employee’s wages for the month and $200. | An amount equal to the sum of — | An amount equal to the sum of 1/9 of the difference between the total amount of the employee’s wages for the month and $200. |
(a) 21% of the total amount of the employee’s wages for the month; and | (a) 5% of the total amount of the employee’s wages for the month; and | (a) 6% of the total amount of the employee’s wages for the month; and | (a) 3.5% of the total amount of the employee’s wages for the month; and | (a) 3.5% of the total amount of the employee’s wages for the month; and | ||||
(b) 1/3 of the difference between the total amount of the employee’s wages for the month and $200. | (b) 1/3 of the difference between the total amount of the employee’s wages for the month and $200. | (b) 1/4 of the difference between the total amount of the employee’s wages for the month and $200. | (b) 1/6 of the difference between the total amount of the employee’s wages for the month and $200. | (b) 1/9 of the difference between the total amount of the employee’s wages for the month and $200. | ||||
Exceeding $363 | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — |
(a) 36% of the employee’s ordinary wages for the month subject to a maximum of $2,160; and | (a) 20% of the employee’s ordinary wages for the month subject to a maximum of $1,200; and | (a) 18.5% of the employee’s ordinary wages for the month subject to a maximum of $1,110; and | (a) 12.5% of the employee’s ordinary wages for the month subject to a maximum of $750; and | (a) 11% of the employee’s ordinary wages for the month subject to a maximum of $660; and | (a) 7.5% of the employee’s ordinary wages for the month subject to a maximum of $450; and | (a) 8.5% of the employee’s ordinary wages for the month subject to a maximum of $510; and | (a) 5% of the employee’s ordinary wages for the month subject to a maximum of $300; and | |
(b) 36% of the amount of the additional wages payable to the employee in the month. | (b) 20% of the amount of the additional wages payable to the employee in the month. | (b) 18.5% of the amount of the additional wages payable to the employee in the month. | (b) 12.5% of the amount of the additional wages payable to the employee in the month. | (b) 11% of the amount of the additional wages payable to the employee in the month. | (b) 7.5% of the amount of the additional wages payable to the employee in the month. | (b) 8.5% of the amount of the additional wages payable to the employee in the month. | (b) 5% of the amount of the additional wages payable to the employee in the month. | |
[S 612/2000]
1A. Subject to paragraphs 1E to 7, with effect from 1st March 2011, the contributions payable by the employer (at graduated rates) and the amount recoverable from the employee’s wages (at graduated rates) during the period beginning on the date the employee becomes a permanent resident and ending on the last day of the first anniversary month, are as follows:
(a)
where the employee is not more than 55 years of age:
35 Years of Age and below | Above 35 but not more than 50 Years of Age | Above 50 but not more than 55 Years of Age | ||||||||||
Total amount of the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | ||||||
(1) | (2) | (3) | (4) | (5) | (6) | (7) | ||||||
Exceeding $50 but not exceeding $500 | An amount equal to 4% of the total amount of the employee’s wages for the month. | NIL | An amount equal to 0.0265 of the difference between the total amount of the employee’s wages for the month and $50. | NIL | An amount equal to 0.0265 of the difference between the total amount of the employee’s wages for the month and $50. | NIL | ||||||
Exceeding $500 but not exceeding $750 | An amount equal to the sum of — | An amount equal to 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | An amount equal to the sum of — | An amount equal to 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | An amount equal to the sum of — | An amount equal to 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | ||||||
(a) 4% of the total amount of the employee’s wages for the month; and | (a) 0.0265 of the difference between the total amount of the employee’s wages for the month and $50; and | (a) 0.0265 of the difference between the total amount of the employee’s wages for the month and $50; and | ||||||||||
(b) 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | (b) 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | (b) 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | ||||||||||
Exceeding $750 but not exceeding $1,200 | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||
(a) 4% of the total amount of the employee’s wages for the month; and | (a) $18.60 and 0.0541 of the difference between the total amount of the employee’s wages for the month and $750; and | (a) $18.60 and 0.0498 of the difference between the total amount of the employee’s wages for the month and $750; and | ||||||||||
(b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||||||
Exceeding $1,200 but not exceeding $1,500 | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||
(a) 4% of the total amount of the employee’s wages for the month; and | (a) $42.96 and 0.0568 of the difference between the total amount of the employee’s wages for the month and $1,200; and | (a) $41.04 and 0.0632 of the difference between the total amount of the employee’s wages for the month and $1,200; and | ||||||||||
(b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||||||
Exceeding $1,500 | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | ||||||
(a) 9% of the employee’s ordinary wages for the month subject to a maximum of $405; and | (a) 5% of the employee’s ordinary wages for the month subject to a maximum of $225; and | (a) 9% of the employee’s ordinary wages for the month subject to a maximum of $405; and | (a) 5% of the employee’s ordinary wages for the month subject to a maximum of $225; and | (a) 9% of the employee’s ordinary wages for the month subject to a maximum of $405; and | (a) 5% of the employee’s ordinary wages for the month subject to a maximum of $225; and | |||||||
(b) 9% of the amount of the additional wages payable to the employee in the month. | (b) 5% of the amount of the additional wages payable to the employee in the month. | (b) 9% of the amount of the additional wages payable to the employee in the month. | (b) 5% of the amount of the additional wages payable to the employee in the month. | (b) 9% of the amount of the additional wages payable to the employee in the month. | (b) 5% of the amount of the additional wages payable to the employee in the month. | |||||||
(b)
where the employee is above 55 years of age:
Above 55 but not more than 60 Years of Age | Above 60 but not more than 65 Years of Age | Above 65 Years of Age | ||||||||||
Total amount of the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | ||||||
(1) | (2) | (3) | (4) | (5) | (6) | (7) | ||||||
Exceeding $50 but not exceeding $500 | An amount equal to 0.0265 of the difference between the total amount of the employee’s wages for the month and $50. | NIL | An amount equal to 0.0232 of the difference between the total amount of the employee’s wages for the month and $50. | NIL | An amount equal to 0.0232 of the difference between the total amount of the employee’s wages for the month and $50. | NIL | ||||||
Exceeding $500 but not exceeding $750 | An amount equal to the sum of — | An amount equal to 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | An amount equal to the sum of — | An amount equal to 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | An amount equal to the sum of — | An amount equal to 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | ||||||
(a) 0.0265 of the difference between the total amount of the employee’s wages for the month and $50; and | (a) 0.0232 of the difference between the total amount of the employee’s wages for the month and $50; and | (a) 0.0232 of the difference between the total amount of the employee’s wages for the month and $50; and | ||||||||||
(b) 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | (b) 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | (b) 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | ||||||||||
Exceeding $750 but not exceeding $1,200 | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||
(a) $18.60 and 0.044 of the difference between the total amount of the employee’s wages for the month and $750; and | (a) $16.275 and 0.0291 of the difference between the total amount of the employee’s wages for the month and $750; and | (a) $16.275 and 0.0291 of the difference between the total amount of the employee’s wages for the month and $750; and | ||||||||||
(b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||||||
Exceeding $1,200 but not exceeding $1,500 | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||
(a) $38.40 and 0.072 of the difference between the total amount of the employee’s wages for the month and $1,200; and | (a) $29.40 and 0.077 of the difference between the total amount of the employee’s wages for the month and $1,200; and | (a) $29.40 and 0.077 of the difference between the total amount of the employee’s wages for the month and $1,200; and | ||||||||||
(b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||||||
Exceeding $1,500 | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | ||||||
(a) 9% of the employee’s ordinary wages for the month subject to a maximum of $405; and | (a) 5% of the employee’s ordinary wages for the month subject to a maximum of $225; and | (a) 8.5% of the employee’s ordinary wages for the month subject to a maximum of $382.50; and | (a) 5% of the employee’s ordinary wages for the month subject to a maximum of $225; and | (a) 8.5% of the employee’s ordinary wages for the month subject to a maximum of $382.50; and | (a) 5% of the employee’s ordinary wages for the month subject to a maximum of $225; and | |||||||
(b) 9% of the amount of the additional wages payable to the employee in the month. | (b) 5% of the amount of the additional wages payable to the employee in the month. | (b) 8.5% of the amount of the additional wages payable to the employee in the month. | (b) 5% of the amount of the additional wages payable to the employee in the month. | (b) 8.5% of the amount of the additional wages payable to the employee in the month. | (b) 5% of the amount of the additional wages payable to the employee in the month. | |||||||
1B. Subject to paragraphs 1E to 7, with effect from 1st March 2011, the contributions payable by the employer (at graduated rates) and the amount recoverable from the employee’s wages (at graduated rates) during the period beginning on the first day of the calendar month following the first anniversary month and ending on the last day of the second anniversary month, are as follows:
(a)
where the employee is not more than 55 years of age:
35 Years of Age and below | Above 35 but not more than 50 Years of Age | Above 50 but not more than 55 Years of Age | ||||||||||
Total amount of the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | ||||||
(1) | (2) | (3) | (4) | (5) | (6) | (7) | ||||||
Exceeding $50 but not exceeding $500 | An amount equal to 9% of the total amount of the employee’s wages for the month. | NIL | An amount equal to 0.0597 of the difference between the total amount of the employee’s wages for the month and $50. | NIL | An amount equal to 0.0597 of the difference between the total amount of the employee’s wages for the month and $50. | NIL | ||||||
Exceeding $500 but not exceeding $750 | An amount equal to the sum of — | An amount equal to 0.36 of the difference between the total amount of the employee’s wages for the month and $500. | An amount equal to the sum of — | An amount equal to 0.36 of the difference between the total amount of the employee’s wages for the month and $500. | An amount equal to the sum of — | An amount equal to 0.36 of the difference between the total amount of the employee’s wages for the month and $500. | ||||||
(a) 9% of the total amount of the employee’s wages for the month; and | (a) 0.0597 of the difference between the total amount of the employee’s wages for the month and $50; and | (a) 0.0597 of the difference between the total amount of the employee’s wages for the month and $50; and | ||||||||||
(b) 0.36 of the difference between the total amount of the employee’s wages for the month and $500. | (b) 0.36 of the difference between the total amount of the employee’s wages for the month and $500. | (b) 0.36 of the difference between the total amount of the employee’s wages for the month and $500. | ||||||||||
Exceeding $750 but not exceeding $1,200 | An amount equal to the sum of — | An amount equal to the sum of $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||
(a) 9% of the total amount of the employee’s wages for the month; and | (a) $41.85 and 0.1219 of the difference between the total amount of the employee’s wages for the month and $750; and | (a) $41.85 and 0.1126 of the difference between the total amount of the employee’s wages for the month and $750; and | ||||||||||
(b) $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||||||
Exceeding $1,200 but not exceeding $1,500 | An amount equal to the sum of — | An amount equal to the sum of $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||
(a) 9% of the total amount of the employee’s wages for the month; and | (a) $96.72 and 0.1276 of the difference between the total amount of the employee’s wages for the month and $1,200; and | (a) $92.52 and 0.1416 of the difference between the total amount of the employee’s wages for the month and $1,200; and | ||||||||||
(b) $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||||||
Exceeding $1,500 | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | ||||||
(a) 24% of the employee’s ordinary wages for the month subject to a maximum of $1080; and | (a) 15% of the employee’s ordinary wages for the month subject to a maximum of $675; and | (a) 24% of the employee’s ordinary wages for the month subject to a maximum of $1080; and | (a) 15% of the employee’s ordinary wages for the month subject to a maximum of $675; and | (a) 24% of the employee’s ordinary wages for the month subject to a maximum of $1080; and | (a) 15% of the employee’s ordinary wages for the month subject to a maximum of $675; and | |||||||
(b) 24% of the amount of the additional wages payable to the employee in the month. | (b) 15% of the amount of the additional wages payable to the employee in the month. | (b) 24% of the amount of the additional wages payable to the employee in the month. | (b) 15% of the amount of the additional wages payable to the employee in the month. | (b) 24% of the amount of the additional wages payable to the employee in the month. | (b) 15% of the amount of the additional wages payable to the employee in the month. | |||||||
(b)
where the employee is above 55 years of age:
Above 55 but not more than 60 Years of Age | Above 60 but not more than 65 Years of Age | Above 65 Years of Age | ||||||||||
Total amount of the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | ||||||
(1) | (2) | (3) | (4) | (5) | (6) | (7) | ||||||
Exceeding $50 but not exceeding $500 | An amount equal to 0.0398 of the difference between the total amount of the employee’s wages for the month and $50. | NIL | An amount equal to 0.0232 of the difference between the total amount of the employee’s wages for the month and $50. | NIL | An amount equal to 0.0232 of the difference between the total amount of the employee’s wages for the month and $50. | NIL | ||||||
Exceeding $500 but not exceeding $750 | An amount equal to the sum of — | An amount equal to 0.3 of the difference between the total amount of the employee’s wages for the month and $500. | An amount equal to the sum of — | An amount equal to 0.18 of the difference between the total amount of the employee’s wages for the month and $500. | An amount equal to the sum of — | An amount equal to 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | ||||||
(a) 0.0398 of the difference between the total amount of the employee’s wages for the month and $50; and | (a) 0.0232 of the difference between the total amount of the employee’s wages for the month and $50; and | (a) 0.0232 of the difference between the total amount of the employee’s wages for the month and $50; and | ||||||||||
(b) 0.3 of the difference between the total amount of the employee’s wages for the month and $500. | (b) 0.18 of the difference between the total amount of the employee’s wages for the month and $500. | (b) 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | ||||||||||
Exceeding $750 but not exceeding $1,200 | An amount equal to the sum of — | An amount equal to the sum of $75 and 0.15 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $45 and 0.09 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||
(a) $27.90 and 0.066 of the difference between the total amount of the employee’s wages for the month and $750; and | (a) $16.275 and 0.0291 of the difference between the total amount of the employee’s wages for the month and $750; and | (a) $16.275 and 0.0291 of the difference between the total amount of the employee’s wages for the month and $750; and | ||||||||||
(b) $75 and 0.15 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $45 and 0.09 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||||||
Exceeding $1,200 but not exceeding $1,500 | An amount equal to the sum of — | An amount equal to the sum of $75 and 0.15 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $45 and 0.09 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||
(a) $57.60 and 0.108 of the difference between the total amount of the employee’s wages for the month and $1,200; and | (a) $29.40 and 0.077 of the difference between the total amount of the employee’s wages for the month and $1,200; and | (a) $29.40 and 0.077 of the difference between the total amount of the employee’s wages for the month and $1,200; and | ||||||||||
(b) $75 and 0.15 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $45 and 0.09 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||||||
Exceeding $1,500 | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | ||||||
(a) 18.5% of the employee’s ordinary wages for the month subject to a maximum of $832.50; and | (a) 12.5% of the employee’s ordinary wages for the month subject to a maximum of $562.50; and | (a) 11% of the employee’s ordinary wages for the month subject to a maximum of $495; and | (a) 7.5% of the employee’s ordinary wages for the month subject to a maximum of $337.50; and | (a) 8.5% of the employee’s ordinary wages for the month subject to a maximum of $382.50; and | (a) 5% of the employee’s ordinary wages for the month subject to a maximum of $225; and | |||||||
(b) 18.5% of the amount of the additional wages payable to the employee in the month. | (b) 12.5% of the amount of the additional wages payable to the employee in the month. | (b) 11% of the amount of the additional wages payable to the employee in the month. | (b) 7.5% of the amount of the additional wages payable to the employee in the month. | (b) 8.5% of the amount of the additional wages payable to the employee in the month. | (b) 5% of the amount of the additional wages payable to the employee in the month. | |||||||
1C. Subject to paragraphs 1E to 7, with effect from 1st March 2011, the contributions payable by the employer (at full rates) and the amount recoverable from the employee’s wages (at graduated rates) during the period beginning on the date the employee becomes a permanent resident and ending on the last day of the first anniversary month, are as follows:
(a)
where the employee is not more than 55 years of age:
35 Years of Age and below | Above 35 but not more than 50 Years of Age | Above 50 but not more than 55 Years of Age | ||||||||||
Total amount of the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | ||||||
(1) | (2) | (3) | (4) | (5) | (6) | (7) | ||||||
Exceeding $50 but not exceeding $500 | An amount equal to 15.5% of the total amount of the employee’s wages for the month. | NIL | An amount equal to 0.103 of the difference between the total amount of the employee’s wages for the month and $50. | NIL | An amount equal to 0.0763 of the difference between the total amount of the employee’s wages for the month and $50. | NIL | ||||||
Exceeding $500 but not exceeding $750 | An amount equal to the sum of — | An amount equal to 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | An amount equal to the sum of — | An amount equal to 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | An amount equal to the sum of — | An amount equal to 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | ||||||
(a) 15.5% of the total amount of the employee’s wages for the month; and | (a) 0.103 of the difference between the total amount of the employee’s wages for the month and $50; and | (a) 0.0763 of the difference between the total amount of the employee’s wages for the month and $50; and | ||||||||||
(b) 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | (b) 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | (b) 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | ||||||||||
Exceeding $750 but not exceeding $1,200 | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||
(a) 15.5% of the total amount of the employee’s wages for the month; and | (a) $72.15 and 0.2103 of the difference between the total amount of the employee’s wages for the month and $750; and | (a) $53.475 and 0.1441 of the difference between the total amount of the employee’s wages for the month and $750; and | ||||||||||
(b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||||||
Exceeding $1,200 but not exceeding $1,500 | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||
(a) 15.5% of the total amount of the employee’s wages for the month; and | (a) $166.80 and 0.219 of the difference between the total amount of the employee’s wages for the month and $1,200; and | (a) $118.32 and 0.1806 of the difference between the total amount of the employee’s wages for the month and $1,200; and | ||||||||||
(b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||||||
Exceeding $1,500 | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | ||||||
(a) 20.5% of the employee’s ordinary wages for the month subject to a maximum of $922.50; and | (a) 5% of the employee’s ordinary wages for the month subject to a maximum of $225; and | (a) 20.5% of the employee’s ordinary wages for the month subject to a maximum of $922.50; and | (a) 5% of the employee’s ordinary wages for the month subject to a maximum of $225; and | (a) 16.5% of the employee’s ordinary wages for the month subject to a maximum of $742.50; and | (a) 5% of the employee’s ordinary wages for the month subject to a maximum of $225; and | |||||||
(b) 20.5% of the amount of the additional wages payable to the employee in the month. | (b) 5% of the amount of the additional wages payable to the employee in the month. | (b) 20.5% of the amount of the additional wages payable to the employee in the month. | (b) 5% of the amount of the additional wages payable to the employee in the month. | (b) 16.5% of the amount of the additional wages payable to the employee in the month. | (b) 5% of the amount of the additional wages payable to the employee in the month. | |||||||
(b)
where the employee is above 55 years of age:
Above 55 but not more than 60 Years of Age | Above 60 but not more than 65 Years of Age | Above 65 Years of Age | ||||||||||
Total amount of the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | ||||||
(1) | (2) | (3) | (4) | (5) | (6) | (7) | ||||||
Exceeding $50 but not exceeding $500 | An amount equal to 0.0564 of the difference between the total amount of the employee’s wages for the month and $50. | NIL | An amount equal to 0.0398 of the difference between the total amount of the employee’s wages for the month and $50. | NIL | An amount equal to 0.0398 of the difference between the total amount of the employee’s wages for the month and $50. | NIL | ||||||
Exceeding $500 but not exceeding $750 | An amount equal to the sum of — | An amount equal to 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | An amount equal to the sum of — | An amount equal to 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | An amount equal to the sum of — | An amount equal to 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | ||||||
(a) 0.0564 of the difference between the total amount of the employee’s wages for the month and $50; and | (a) 0.0398 of the difference between the total amount of the employee’s wages for the month and $50; and | (a) 0.0398 of the difference between the total amount of the employee’s wages for the month and $50; and | ||||||||||
(b) 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | (b) 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | (b) 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | ||||||||||
Exceeding $750 but not exceeding $1,200 | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||
(a) $39.525 and 0.0935 of the difference between the total amount of the employee’s wages for the month and $750; and | (a) $27.90 and 0.05 of the difference between the total amount of the employee’s wages for the month and $750; and | (a) $27.90 and 0.05 of the difference between the total amount of the employee’s wages for the month and $750; and | ||||||||||
(b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||||||
Exceeding $1,200 but not exceeding $1,500 | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||
(a) $81.60 and 0.153 of the difference between the total amount of the employee’s wages for the month and $1,200; and | (a) $50.40 and 0.132 of the difference between the total amount of the employee’s wages for the month and $1,200; and | (a) $50.40 and 0.132 of the difference between the total amount of the employee’s wages for the month and $1,200; and | ||||||||||
(b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||||||
Exceeding $1,500 | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | ||||||
(a) 13.5% of the employee’s ordinary wages for the month subject to a maximum of $607.50; and | (a) 5% of the employee’s ordinary wages for the month subject to a maximum of $225; and | (a) 11% of the employee’s ordinary wages for the month subject to a maximum of $495; and | (a) 5% of the employee’s ordinary wages for the month subject to a maximum of $225; and | (a) 11% of the employee’s ordinary wages for the month subject to a maximum of $495; and | (a) 5% of the employee’s ordinary wages for the month subject to a maximum of $225; and | |||||||
(b) 13.5% of the amount of the additional wages payable to the employee in the month. | (b) 5% of the amount of the additional wages payable to the employee in the month. | (b) 11% of the amount of the additional wages payable to the employee in the month. | (b) 5% of the amount of the additional wages payable to the employee in the month. | (b) 11% of the amount of the additional wages payable to the employee in the month. | (b) 5% of the amount of the additional wages payable to the employee in the month. | |||||||
1D. Subject to paragraphs 1E to 7, with effect from 1st March 2011, the contributions payable by the employer (at full rates) and the amount recoverable from the employee’s wages (at graduated rates) for the period beginning on the first day of the calendar month following the first anniversary month and ending on the last day of the second anniversary month, are as follows:
(a)
where the employee is not more than 55 years of age:
35 Years of Age and below | Above 35 but not more than 50 Years of Age | Above 50 but not more than 55 Years of Age | ||||||||||
Total amount of the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | ||||||
(1) | (2) | (3) | (4) | (5) | (6) | (7) | ||||||
Exceeding $50 but not exceeding $500 | An amount equal to 15.5% of the total amount of the employee’s wages for the month. | NIL | An amount equal to 0.103 of the difference between the total amount of the employee’s wages for the month and $50. | NIL | An amount equal to 0.0763 of the difference between the total amount of the employee’s wages for the month and $50. | NIL | ||||||
Exceeding $500 but not exceeding $750 | An amount equal to the sum of — | An amount equal to 0.36 of the difference between the total amount of the employee’s wages for the month and $500. | An amount equal to the sum of — | An amount equal to 0.36 of the difference between the total amount of the employee’s wages for the month and $500. | An amount equal to the sum of — | An amount equal to 0.36 of the difference between the total amount of the employee’s wages for the month and $500. | ||||||
(a) 15.5% of the total amount of the employee’s wages for the month; and | (a) 0.103 of the difference between the total amount of the employee’s wages for the month and $50; and | (a) 0.0763 of the difference between the total amount of the employee’s wages for the month and $50; and | ||||||||||
(b) 0.36 of the difference between the total amount of the employee’s wages for the month and $500. | (b) 0.36 of the difference between the total amount of the employee’s wages for the month and $500. | (b) 0.36 of the difference between the total amount of the employee’s wages for the month and $500. | ||||||||||
Exceeding $750 but not exceeding $1,200 | An amount equal to the sum of — | An amount equal to the sum of $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||
(a) 15.5% of the total amount of the employee’s wages for the month; and | (a) $72.15 and 0.2103 of the difference between the total amount of the employee’s wages for the month and $750; and | (a) $53.475 and 0.1441 of the difference between the total amount of the employee’s wages for the month and $750; and | ||||||||||
(b) $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||||||
Exceeding $1,200 but not exceeding $1,500 | An amount equal to the sum of — | An amount equal to the sum of $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||
(a) 15.5% of the total amount of the employee’s wages for the month; and | (a) $166.80 and 0.219 of the difference between the total amount of the employee’s wages for the month and $1,200; and | (a) $118.32 and 0.1806 of the difference between the total amount of the employee’s wages for the month and $1,200; and | ||||||||||
(b) $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $90 and 0.18 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||||||
Exceeding $1,500 | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | ||||||
(a) 30.5% of the employee’s ordinary wages for the month subject to a maximum of $1,372.50; and | (a) 15% of the employee’s ordinary wages for the month subject to a maximum of $675; and | (a) 30.5% of the employee’s ordinary wages for the month subject to a maximum of $1,372.50; and | (a) 15% of the employee’s ordinary wages for the month subject to a maximum of $675; and | (a) 26.5% of the employee’s ordinary wages for the month subject to a maximum of $1,192.50; and | (a) 15% of the employee’s ordinary wages for the month subject to a maximum of $675; and | |||||||
(b) 30.5% of the amount of the additional wages payable to the employee in the month. | (b) 15% of the amount of the additional wages payable to the employee in the month. | (b) 30.5% of the amount of the additional wages payable to the employee in the month. | (b) 15% of the amount of the additional wages payable to the employee in the month. | (b) 26.5% of the amount of the additional wages payable to the employee in the month. | (b) 15% of the amount of the additional wages payable to the employee in the month. | |||||||
(b)
where the employee is above 55 years of age:
Above 55 but not more than 60 Years of Age | Above 60 but not more than 65 Years of Age | Above 65 Years of Age | ||||||||||
Total amount of the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | Contributions payable by the employer for the calendar month. | Amount recoverable from the employee’s wages for the calendar month. | ||||||
(1) | (2) | (3) | (4) | (5) | (6) | (7) | ||||||
Exceeding $50 but not exceeding $500 | An amount equal to 0.0564 of the difference between the total amount of the employee’s wages for the month and $50. | NIL | An amount equal to 0.0398 of the difference between the total amount of the employee’s wages for the month and $50. | NIL | An amount equal to 0.0398 of the difference between the total amount of the employee’s wages for the month and $50. | NIL | ||||||
Exceeding $500 but not exceeding $750 | An amount equal to the sum of — | An amount equal to 0.3 of the difference between the total amount of the employee’s wages for the month and $500. | An amount equal to the sum of — | An amount equal to 0.18 of the difference between the total amount of the employee’s wages for the month and $500. | An amount equal to the sum of — | An amount equal to 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | ||||||
(a) 0.0564 of the difference between the total amount of the employee’s wages for the month and $50; and | (a) 0.0398 of the difference between the total amount of the employee’s wages for the month and $50; and | (a) 0.0398 of the difference between the total amount of the employee’s wages for the month and $50; and | ||||||||||
(b) 0.3 of the difference between the total amount of the employee’s wages for the month and $500. | (b) 0.18 of the difference between the total amount of the employee’s wages for the month and $500. | (b) 0.12 of the difference between the total amount of the employee’s wages for the month and $500. | ||||||||||
Exceeding $750 but not exceeding $1,200 | An amount equal to the sum of — | An amount equal to the sum of $75 and 0.15 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $45 and 0.09 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||
(a) $39.525 and 0.0935 of the difference between the total amount of the employee’s wages for the month and $750; and | (a) $27.90 and 0.05 of the difference between the total amount of the employee’s wages for the month and $750; and | (a) $27.90 and 0.05 of the difference between the total amount of the employee’s wages for the month and $750; and | ||||||||||
(b) $75 and 0.15 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $45 and 0.09 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||||||
Exceeding $1,200 but not exceeding $1,500 | An amount equal to the sum of — | An amount equal to the sum of $75 and 0.15 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $45 and 0.09 of the difference between the total amount of the employee’s wages for the month and $750. | An amount equal to the sum of — | An amount equal to the sum of $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||
(a) $81.60 and 0.153 of the difference between the total amount of the employee’s wages for the month and $1,200; and | (a) $50.40 and 0.132 of the difference between the total amount of the employee’s wages for the month and $1,200; and | (a) $50.40 and 0.132 of the difference between the total amount of the employee’s wages for the month and $1,200; and | ||||||||||
(b) $75 and 0.15 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $45 and 0.09 of the difference between the total amount of the employee’s wages for the month and $750. | (b) $30 and 0.06 of the difference between the total amount of the employee’s wages for the month and $750. | ||||||||||
Exceeding $1,500 | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | An amount equal to the sum of — | ||||||
(a) 21% of the employee’s ordinary wages for the month subject to a maximum of $945; and | (a) 12.5% of the employee’s ordinary wages for the month subject to a maximum of $562.50; and | (a) 13.5% of the employee’s ordinary wages for the month subject to a maximum of $607.50; and | (a) 7.5% of the employee’s ordinary wages for the month subject to a maximum of $337.50; and | (a) 11% of the employee’s ordinary wages for the month subject to a maximum of $495; and | (a) 5% of the employee’s ordinary wages for the month subject to a maximum of $225; and | |||||||
(b) 21% of the amount of the additional wages payable to the employee in the month. | (b) 12.5% of the amount of the additional wages payable to the employee in the month. | (b) 13.5% of the amount of the additional wages payable to the employee in the month. | (b) 7.5% of the amount of the additional wages payable to the employee in the month. | (b) 11% of the amount of the additional wages payable to the employee in the month. | (b) 5% of the amount of the additional wages payable to the employee in the month. | |||||||
1E. Subject to paragraphs 1F to 7, where a foreign employee becomes a permanent resident after 1st March 2009 but before 1st March 2011, or where a person becomes a permanent resident after 1st March 2009 but before 1st March 2011 and subsequently becomes an employee, the contributions payable in respect of that employee during the period beginning on 1st March 2011 and ending on the last day of the second anniversary month, shall be in accordance with the rates of contributions set out in paragraphs 1A and 1B.
1F. Subject to paragraphs 1H to 7, where the employer and the employee who is a permanent resident have agreed on or after 1st March 2011 —
(a)
in a case where the contributions payable in respect of that employee would (but for this paragraph) have been in accordance with paragraph 1A, that those contributions shall be in accordance with the rates set out in paragraph 1 or 1C instead; or
(b)
in a case where the contributions payable in respect of that employee would (but for this paragraph) have been in accordance with paragraph 1B, that those contributions shall be in accordance with the rates set out in paragraph 1 or 1D instead,
and have, in the manner determined by the Board, informed the Board of such agreement, then the agreed rates of contribution shall apply in respect of that employee until —
(i)
the employee leaves the employment of the employer; or
(ii)
the agreement expires or is lawfully terminated,
whichever is the earlier.
1G. Notwithstanding anything in this Schedule, where any agreement —
(a)
was entered into on or after 1st October 2002 between an employer and an employee who is a permanent resident under regulation 5 of the revoked Central Provident Fund (Permanent Residents — Employees) Regulations (Rg 21, 2010 Ed.) in relation to the contributions payable in respect of that employee; and
(b)
was in force immediately before 1st March 2011,
then —
(i)
if the agreement is for those contributions to be in accordance with the rates set out in the First Schedule to the Act, the rates in this Schedule shall continue to apply in relation to that employee; or
(ii)
if the agreement is for those contributions to be in accordance with the rates set out in paragraphs 3 and 4 of the Schedule to those Regulations, the rates set out in paragraphs 1C and 1D of this Schedule shall apply in relation to that employee,
until the employee leaves the employment of the employer or the agreement expires or is lawfully terminated, whichever is the earlier.
1H. Notwithstanding anything in this Schedule, where any agreement —
(a)
was entered into before 1st October 2002 between an employer and an employee who is a permanent resident under regulation 3(2)(b) of the revoked Central Provident Fund (Permanent Residents — Employees) Regulations (Rg 21, 1998 Ed.) in relation to the contributions payable in respect of that employee; and
(b)
was in force immediately before 1st March 2011; or
then the agreed rates of the contribution shall continue to apply in relation to that employee until the employee leaves the employment of the employer, or the agreement expires or is lawfully terminated, whichever is the earlier.
2. In respect of an employee whose total wages from an employer for the preceding year exceed $100,000, no contributions shall be payable by that employer on the additional wages which are in excess of the following:
(a)
if his ordinary wages for the preceding year do not exceed $72,000 — $100,000 less his ordinary wages for the preceding year and less his additional wages already paid in the current year; or
(b)
if his ordinary wages for the preceding year exceed $72,000 — 40% of his ordinary wages for the preceding year, less his additional wages already paid in the current year.
3.—(1) Where the total wages of an employee from an employer for any year do not exceed $100,000 and the amount of contributions on his additional wages in that year had been subject to the limit in paragraph 2, such amount shall, at the end of that year or in the last month of his employment with that employer, be recomputed as if paragraph 2 does not apply.
(2) Where the total wages of an employee from an employer for any year exceed $100,000, such amount shall, at the end of that year or in the last month of his employment with that employer, be recomputed subject to the limit in paragraph 2 as if the reference to “preceding year” in that paragraph is a reference to “current year”.
4.—(1) Where the contributions computed in accordance with paragraph 3 exceed the contributions already paid on additional wages, the employer shall contribute the difference to the Fund at the end of the year or in the last month of the employee’s employment with him.
(2) Where the employer is required to make additional contributions under sub-paragraph (1), he shall be entitled to recover from the employee’s wages, at the rate of recovery for additional wages applicable to the employee, the difference between the amount of additional wages on which contributions are payable under sub-paragraph (1) and the amount of additional wages on which contributions have already been paid.
5. For the purpose of this Schedule —
(a)
a person shall be deemed to have attained 55, 60 or 65 years of age on the fifty-fifth, sixtieth or sixty-fifth anniversary, respectively, of the day of his birth and the contributions payable in respect of an employee above 55, 60 or 65 years of age shall be payable from the first day of the month following the month in which the employee attains that age;
(b)
the contribution payable by the employer shall be rounded off to the nearest dollar except where the fraction of a dollar is 50 cents, it shall be regarded as a dollar;
(c)
in calculating the amount recoverable by the employer from the employee’s wages, fraction of a dollar shall be ignored;
(d)
“additional wages” means any remuneration other than ordinary wages;
(e)
“ordinary wages for the month” means the amount of remuneration due or granted wholly or exclusively in respect of employment during that month and payable before the due date for the payment of contribution for that month;
(f)
“total amount of employee’s wages for the calendar month” means the total amount of the employee’s ordinary wages for the month and additional wages payable to him in that month;
(g)
“total wages for the year” means the total of the employee’s ordinary wages for the year and additional wages payable to him in that year;
(h)
“year” means the period beginning on 1st January and ending on 31st December.
6. The rates of contribution specified in paragraph 1 shall not apply to the employees of the following bodies:
(1)
Any Government-aided school.
(2)
Board of Commissioners of Currency, Singapore.
(3)
Central Provident Fund Board.
(4)
Civil Aviation Authority of Singapore.
(5)
Civil Service College.
(6)
Commercial and Industrial Security Corporation.
(7)
Building and Construction Authority.
(8)
Defence Science and Technology Agency.
(9)
Economic Development Board.
(10)
Energy Market Authority of Singapore.
(11)
Health Promotion Board.
(12)
Health Sciences Authority.
(13)
Housing and Development Board.
(14)
Info-communications Development Authority of Singapore.
(15)
Inland Revenue Authority of Singapore.
(16)
Institute of Southeast Asian Studies.
(17)
Institute of Technical Education, Singapore.
(18)
Intellectual Property Office of Singapore.
(19)
Jurong Town Corporation.
(20)
Majlis Ugama Islam, Singapura.
(21)
Maritime and Port Authority of Singapore.
(22)
Land Transport Authority of Singapore.
(23)
Monetary Authority of Singapore.
(24)
Nanyang Polytechnic.
(25)
Nanyang Technological University.
(26)
National Arts Council.
(27)
National Heritage Board.
(28)
National Library Board.
(29)
National Parks Board.
(30)
National Science and Technology Board.
(31)
National University of Singapore.
(32)
Ngee Ann Polytechnic.
(33)
People’s Association.
(34)
Preservation of Monuments Board.
(35)
Public Utilities Board.
(36)
Science Centre Board.
(37)
Sentosa Development Corporation.
(38)
Singapore Broadcasting Authority.
(39)
Singapore Corporation of Rehabilitative Enterprises.
(40)
Singapore Land Authority.
(41)
Singapore Productivity and Standards Board.
(42)
Singapore Polytechnic.
(43)
Singapore Sports Council.
(44)
Singapore Totalisator Board.
(45)
Singapore Tourism Board.
(46)
Temasek Polytechnic.
(47)
Trade Development Board.
(48)
Urban Redevelopment Authority.
[29/95; 1/96; 7/96; 4/99; 41/99; 9/2000; 3/2001; 17/2001; S273/94; S570/95; S645/98; S167/2001; S313/2001; S550/2001]
7. Contributions shall be payable for and recoverable from the wages of such employees who are —
(a)
pensionable employees at the rates prescribed for pensionable employees of the Government;
(b)
non-pensionable employees at the rates prescribed for non-pensionable employees of the Government;
(c)
pensionable employees who were foreign employees and have become permanent residents at the rates prescribed in paragraphs 3A and 3B of the First Schedule to the Central Provident Fund (Government Employees) Regulations (Rg 23); and
(d)
non-pensionable employees who were foreign employees and have become permanent residents at the rates prescribed in paragraphs 3A and 3B of the Second Schedule to the Central Provident Fund (Government Employees) Regulations (Rg 23).
[S 645/98]