BENEFICIARIES OF CPF NOMINATIONS
Parliament of Singapore · 21 May 2007
Official Report, 21 May 2007, Vol 83, Issue 5 · Open in the reader (summaries, search, filters)
BENEFICIARIES OF CPF NOMINATIONS
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(Figures): **
10.
Assoc. Prof. Kalyani K Mehta asked the Minister for Manpower (a) if he can give a breakdown of the beneficiaries of CPF nominations for the last 10 years according to husband, wife, parents, children, grandchildren, other relatives, eg, siblings, non-relatives, charitable institutions and others; and (b) what percentage of total account-holders did not make a nomination annually from 1997 to 2006.
Dr Ng Eng Hen: Based on a sample study conducted in 2004, 98% of members who made nominations had nominated their immediate family as beneficiaries.
Table 1 shows the percentages of all CPF members who had not made a nomination from 2001 to 2006. The information for the years prior to 2001 is not available.
** Table 1: Percentage of CPF members who had not made a nomination (%) **
|
2001
|
2002
|
2003
|
2004
|
2005
|
2006
---|---|---|---|---|---|---
% of members
|
47
|
45
|
44
|
44
|
45
|
46
(Figures are as at December)
When no nominations are made, CPF monies will be distributed according to intestacy laws.
Column: 861
Source: Singapore Parliament Official Report (Hansard) for 21 May 2007. Republished on SGParliament.