CPF recovers $420m in arrears for 2013

April 28, 201412:21 pm368 views
CPF recovers $420m in arrears for 2013
CPF recovers $420m in arrears for 2013

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.

 

source: straitstimes.com

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