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CPF Board recovers S$378.2m in arrears for 288,000 employees

Wednesday, April 29, 2015 - 05:50
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Singapore's CPF Board (CPFB) has recovered about S$378.2 million in CPF arrears from underpayments, nonpayment and late payment of contributions by employers.

Singapore

SINGAPORE's CPF Board (CPFB) has recovered about S$378.2 million in CPF arrears from underpayments, nonpayment and late payment of contributions by employers.

The CPFB said the recovery will benefit over 288,000 employees from cases closed in 2014.

In 2013, CPFB