News Latest Statutory Updates Sept 2011 02

From 1 September 2011, the Ordinary Wages (OW) Ceiling is revised from S$4,500 to S$5,000 per month.
CPF annual limit for both mandatory and voluntary contributions will be revised from S$27,158 to S$30,600 for 2011.
Additional Wage (AW) Ceiling for 2011 for an employee whose last day of employment is before 1 September 2011 will remain as S$76,500 minus Total OW subject to CPF for 2011. For all other employees, the AW Ceiling for 2011 will be revised to S$79,333 minus Total OW subject to CPF for 2011.

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