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Apart from iSPRINT that was introduced by IDA, Singapore government had also introduced PIC into the budget of Year 2010 and this was further enhanced in Year 2011
Employers need to brace themselves for several amendments to the Employment Act (EA) that will improve employment standards
The CPF contribution rates (with effect from 1 Sep 2011) for employees who are Singapore Citizens
From 1 September 2011, the Ordinary Wages (OW) Ceiling is revised from S$4,500 to S$5,000 per month.
There will be an increase in Employer CPF Contribution rate by 1%.
The CPF contribution rates (with effect from 1 March 2011) for employees who are Singapore Citizens