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#1
28-04-2015, 05:30 PM
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Companies prefer to hire non-Sinkies because they don't have to pay CPF?
An honorable member of the Coffee Shop Has Just Posted the Following:
From MOM website: Responsibilities of an Employer Employers are to pay CPF correctly and promptly for their employees. Employers are required to pay the employer’s and employee’s share of CPF contributions monthly for all employees (Singapore Citizens and SPRs) at the rates set out in the CPF Act. The contributions payable should be based on the employee’s actual total wages earned for the calendar month. CPF contributions are to be paid by the end of the month. Employers are given a grace period of 14 days after the end of the month to make payment of CPF contributions. If the 14th day of the grace period falls on a Saturday, Sunday or Public Holiday, CPF contributions can be paid by the next working day. - See more at: http://www.mom.gov.sg/employment-pra...aspx#employers An employee is entitled to CPF contributions if they meet the following conditions: He/she is a Singaporean or Singapore Permanent Resident (SPR) He/she earns more than $501 in a month. - See more at: http://www.mom.gov.sg/employment-pra...aspx#employers Click here to view the whole thread at www.sammyboy.com. 
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