$29m DPS surplus to be distributed

$29m DPS surplus to be distributed

SINGAPORE - The Central Provident Fund (CPF) Board will distribute $29 million of surplus from its Dependants' Protection Scheme (DPS) to members who had active cover when DPS was privatised on Sept 17, 2005.

The board said the rebate will be credited to the members' CPF Ordinary Account on Sunday. CPF members can check the amount at the CPF online services portal.

The board also said the Medisave Required Amount will be $40,500 from Jan 1, 2014, up from the current $38,500.

Members will enjoy an interest rate of 4 per cent on their CPF Special and Medisave Accounts from Jan 1 to March 31, and on their Retirement Account from Jan 1 to Dec 31.

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