CPF board claws back nearly $2.7b from errant employers over past 5 years

Employers who fail to comply with the CPF Act can be fined up to $5,000 and/or jailed for up to six months.
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

Lower-income casual staff among vulnerable workers often not paid CPF contributions by errant employers

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.

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A version of this article appeared in the print edition of The Straits Times on September 16, 2019, with the headline '$2.7b in unpaid CPF recovered over 5 years'. Print Edition | Subscribe