01 Nov '16, 10am

New changes to #CPF Act allow "related #employers" to contribute based on combined #wages:

(1) Where the contributions on an employee’s additional wages for any year after 2015 (called in this sub-paragraph the current year) to be paid by an employer (as recomputed under paragraph 2(3) or 3(6)) exceed the contributions already paid by that employer on those additional wages, the employer must contribute the difference to the Fund within such period as may be prescribed under the Central Provident Fund Regulations (Rg 15) after the end of the month of the recomputation.(2) Where the employer is required to make additional contributions under sub-paragraph (1), the employer is entitled to recover from the employee’s wages, at the rate of recovery for additional wages applicable to the employee, the amount of additional contributions paid by the employer under that sub‑paragraph.”;

Full article: http://statutes.agc.gov.sg/aol/search/display/view.w3p;pa...

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