Singapore Employment Law: Key Regulations and Obligations
Published by Corpy
https://corpy.xyz/singapore/business-laws/singapore-employment-law
Corpy business-formation guide, fact-checked and corrected.
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Before
For employees aged 55 and below earning monthly wages above SGD 50, the employer must contribute 16% of the employee's ordinary wages to the Central Provident Fund (CPF), while the employee contributes 20%. The total CPF contribution is 36% of ordinary wages.
AfterFor employees aged 55 and below earning monthly wages above SGD 750, the employer must contribute 17% of the employee's ordinary wages to the Central Provident Fund (CPF), while the employee contributes 20%. The total CPF contribution is 37% of ordinary wages.
Why: The CPF employer contribution rate and total combined rate were understated (16%/36% instead of the correct current 17%/37%), a factual error in one of the article's core figures.
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