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CPF board claws back nearly $2.7b from errant employers over past 5 years
Lower-income casual staff among vulnerable workers often not paid CPF contributions by errant employers
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Employers who fail to comply with the CPF Act can be fined up to $5,000 and/or jailed for up to six months.
PHOTO: ST FILE
The Central Provident Fund (CPF) Board clawed back nearly $2.7 billion over the past five years in unpaid CPF contributions from employers, to return to hundreds of thousands of employees.
The figure for last year alone was $595.9 million, up from $378.2 million in 2014, suggesting that the problem is not waning.
