CPF members under Home Protection Scheme to get premium rebates

ABOUT 949,000 Central Provident Fund (CPF) members who have been covered under the Home Protection Scheme (HPS) from July 1, 2006, are expected to benefit from premium rebates, with half of them to receive S$400 or more.

The rebates arise from better than expected investment returns and lower than projected claims experience. The premium rebates will be credited to eligible members' CPF Ordinary Account in November 2015.

This is the fifth time the CPF Board is distributing HPS premium rebates to members. The last exercise was carried out in 2006.