THE CPF Board said that it has recovered S$516 million in monies owed to members by employers in 2015. This benefited over 360,000 employees, it said.
CPF arrears recovered were from underpayment, non-payment and late payment of CPF contributions by employers.
The bulk of arrears recovered, or S$501 million, came from late CPF contributions by an average of 5,600 employers a month. Most late payments were recovered within a month. CPF said that the speedy recovery was due to "timely detection and follow-up enforcement actions".
To facilitate the timely payment of CPF contributions, CPF is constantly improving the payment process for employers, said Ng Hock Keong, group director of employer collections and enforcement.
He cited the CPF e-Submit@web service which auto-computes the CPF contributions payable, and the new CPF e-Submit@mobile service which allows employers of small companies to submit their CPF contributions quickly and easily via mobile devices.
The remaining S$15 million of arrears came from cases of underpayment or non-payment, recovered from 1,840 employers.
One notable case was uncovered after a complaint by a logistics company driver. The company had wrongly classified drivers under a contract for service and hence did not pay CPF contributions.
"After reviewing all relevant facts of the case, the Board concluded that the drivers were in fact working as employees of the company. The Board managed to recover about S$2 million in CPF arrears over eight years for 70 drivers, helping them build up their CPF savings to meet their retirement, housing and healthcare needs," CPF said.