Tuesday, Sep 23, 2014Tuesday, Sep 23, 2014
Business
 

CPF recovers $420m in arrears for 2013

Published on Apr 28, 2014 11:29 AM
 
The increase compared with last year was due to a step up in enforcement efforts, as well as more awareness of workers' rights, the CPF Board said. -- ST FILE PHOTO: MALCOLM MCLEOD

About $420 million in Central Provident Fund (CPF) arrears has been recovered from cases closed last year, benefitting more than 250,000 local workers.

This was up from $293 million recovered in 2012, the CPF Board said on Monday.

The arrears recovered were from underpayment, non-payment and late payment of CPF contributions by employers.

The increase compared with last year was due to a step up in enforcement efforts, as well as more awareness of workers' rights, the CPF Board said.

 
If you are not a subscriber, you can get instant, unlimited access here

Videos