- Joined
- Jul 24, 2008
- Messages
- 33,627
- Points
- 0
[h=1]SLEEPING ON THE JOB -:*:
TAN CHUAN-JIN: THERE WAS OVER $420 MILLION IN UNPAID OR LATE CPF CONTRIBUTIONS IN 2013[/h]
<!-- /.block --> <style>.node-article .field-name-ad-box-in-article {float: left;margin: 15px 15px 10px 0;}.node-article .field-tags{clear: both;}</style> Post date:
5 Aug 2014 - 5:40pm
<ins id="aswift_1_expand" style="margin: 0px; padding: 0px; border: currentColor; width: 336px; height: 280px; display: inline-table; visibility: visible; position: relative; background-color: transparent; border-image: none;"><ins id="aswift_1_anchor" style="margin: 0px; padding: 0px; border: currentColor; width: 336px; height: 280px; display: block; visibility: visible; position: relative; background-color: transparent; border-image: none;"><iframe name="aswift_1" width="336" height="280" id="aswift_1" frameBorder="0" marginWidth="0" marginHeight="0" scrolling="no" vspace="0" hspace="0" allowfullscreen="true" style="left: 0px; top: 0px; position: absolute;" allowTransparency="true"></iframe></ins></ins>
Explaining some findings of the Auditor General in Parliament today, Manpower Minister Tan Chuan-Jin said that in 2013, the CPF had to recover $420 million worth of late or unpaid CPF contributions.
The underpayments affected over 250,000 workers.
The Auditor General's report released this year had shown that the CPF board had failed to detect the underpayment of CPF contributions for over 10 years by some employers.
The underpayment identified by the Auditor General specifically related to the contributions to CPF during employee's NS reservist stints.
Mr Tan shared with parliament that on top of this, other non-payments and delayed payments totalled over $420 million as at 2013.
He also said that CPF board had recovered that amount from employers by the end of 2013. It is unknown how much there is still outstanding that was unrecovered by the CPF Board.
Minister Tan also shared that the CPF board has since implemented some more measures to ensure that the CPF payments received from employers is timely and accurate.
They now have an automated system to detect late payments and have more pro-active auditing systems to keep checks on employers.
While these measures have been put in place, Mr Tan also said that Singaporeans should not have unrealistic expectations. He said that it's impossible to audit every single employer every year.
Instead, the CPF Board target higher-risk industries and firms for their audits each year and also act on tip offs from the public.
He also added that the MOM takes the AGO's report very seriously and they will continue to strengthen the audit process as well as closely monitoring the NS make-up pay systems.
TAN CHUAN-JIN: THERE WAS OVER $420 MILLION IN UNPAID OR LATE CPF CONTRIBUTIONS IN 2013[/h]
<!-- /.block --> <style>.node-article .field-name-ad-box-in-article {float: left;margin: 15px 15px 10px 0;}.node-article .field-tags{clear: both;}</style> Post date:
5 Aug 2014 - 5:40pm
<ins id="aswift_1_expand" style="margin: 0px; padding: 0px; border: currentColor; width: 336px; height: 280px; display: inline-table; visibility: visible; position: relative; background-color: transparent; border-image: none;"><ins id="aswift_1_anchor" style="margin: 0px; padding: 0px; border: currentColor; width: 336px; height: 280px; display: block; visibility: visible; position: relative; background-color: transparent; border-image: none;"><iframe name="aswift_1" width="336" height="280" id="aswift_1" frameBorder="0" marginWidth="0" marginHeight="0" scrolling="no" vspace="0" hspace="0" allowfullscreen="true" style="left: 0px; top: 0px; position: absolute;" allowTransparency="true"></iframe></ins></ins>
Explaining some findings of the Auditor General in Parliament today, Manpower Minister Tan Chuan-Jin said that in 2013, the CPF had to recover $420 million worth of late or unpaid CPF contributions.
The underpayments affected over 250,000 workers.
The Auditor General's report released this year had shown that the CPF board had failed to detect the underpayment of CPF contributions for over 10 years by some employers.
The underpayment identified by the Auditor General specifically related to the contributions to CPF during employee's NS reservist stints.
Mr Tan shared with parliament that on top of this, other non-payments and delayed payments totalled over $420 million as at 2013.
He also said that CPF board had recovered that amount from employers by the end of 2013. It is unknown how much there is still outstanding that was unrecovered by the CPF Board.
Minister Tan also shared that the CPF board has since implemented some more measures to ensure that the CPF payments received from employers is timely and accurate.
They now have an automated system to detect late payments and have more pro-active auditing systems to keep checks on employers.
While these measures have been put in place, Mr Tan also said that Singaporeans should not have unrealistic expectations. He said that it's impossible to audit every single employer every year.
Instead, the CPF Board target higher-risk industries and firms for their audits each year and also act on tip offs from the public.
He also added that the MOM takes the AGO's report very seriously and they will continue to strengthen the audit process as well as closely monitoring the NS make-up pay systems.
