Transcription of Press Release on CPF Contribution Rate Changes …
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Press Release on CPF Contribution Rate Changes …
Annex A CPF Contribution Rates Changes * Date Employee Age Contribution Rate (%) Credited Into (%) Employer Employee Total OA SA MA Current 35 years or less 16 20 36 23 6 7 Above 35 45 years 21 7 8 Above 45 50 years 19 8 9 Above 50 55 years 12 18 30 13 8 9 Above 55 60 years 9 1 9 Above 60 65 years 14 1 Above 65 years 5 1 1 wef 1 Sep 2012 35 years or less 16 20 36 23 6 7 Above 35 45 years 21 7 8 Above 45 50 years 19 8 9 Above 50 55 years 14 Above 55 60 years 12 2 Above 60 65 years 7 Above 65 years 5 1 1 * As is the current practice, low wage workers in the affected age groups and earning between $50 and $1.
Annex A CPF Contribution Rates Changes* Date Employee Age Contribution Rate (%) Credited Into (%) Employer Employee Total OA SA MA
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