Thresholds of Non-payment or Delayed CPF Contributions That Would Trigger Government Intervention before Corporate Liquidation Proceedings Begin

89 Mr Gerald Giam Yean Song asked the Acting Minister for Manpower (a) what specific thresholds of non-payment or delayed Central Provident Fund contributions trigger an active, proactive investigation into an employer before corporate liquidation proceedings begin; and (b) how many such proactive investigations have been conducted by the Ministry in the past year.

Ms Jasmin Lau: The Central Provident Fund (CPF) Board has measures to detect non- or late-payment of CPF contributions.

In the past year, there was an average of about 2,600 employers per month, or 1.6% of all active employers, who failed to make timely CPF contributions within one month after the grace period. The CPF Board followed up on all of these cases detected and took enforcement actions to recover arrears where necessary.