Central Provident Fund Act
Central Provident Fund (Minimum Sum Scheme) Regulations
G.N. No. S 11/2006
REVISED EDITION 2006
(30th November 2006)
[1st January 1987]
1. These Regulations may be cited as the Central Provident Fund (Minimum Sum Scheme) Regulations.
—(1) These Regulations shall apply to all members of the Fund who have attained the age of 55 years on or after 1st January 1987 but before 1st July 1995.
(2) Notwithstanding paragraph (1), regulations 4(2) and 12(2) and (3) shall apply to a married couple only if each spouse is a member of the Fund and has attained the age of 55 years on or after 1st January 1987 but before 1st July 1995.
—(1) In these Regulations, unless the context otherwise requires —
“annuity plan” has the same meaning as in section 27J of the Act;
“approved annuity” means an annuity, purchased from an insurer, which is approved by the Board;
“approved bank” means any bank approved by the Board;
“bank” has the same meaning as in the Banking Act (Cap. 19);
“insurer” means any person registered under the Insurance Act (Cap. 142) to carry on insurance business in Singapore;
“monthly income” means the income which a member is entitled —
after the member has attained the age of 60 years;
“relevant member” and “Scheme” have the same meanings as in section 27J of the Act.
[S 396/2009 wef 1.9.2009]