MPs raised concerns about whether employers would favour foreigners with the closure of their accounts and who would have access to a deceased member's CPF information.
New: You can now listen to articles.Under the amendments to the CPF Act, the Board will allow information - such as the deceased member’s CPF balances, the names of nominees and the proportion of money to be received - to be disclosed from Feb 1 next year.
Mr Yip Hon Weng asked whether those in the process of applying for Singapore citizenship and PR will be allowed to retain their CPF accounts during this period. “To be clear, if a family relation is not considered a next-of-kin under the relevant intestacy laws, they will not be allowed access to the deceased member’s CPF information.”He also noted that nine in 10 members who make nominations have already authorised all their nominees to access their CPF information upon their demise.
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