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Posted: Sat, 26 Jul 2014 1:37 am
by Mi Amigo
ecureilx wrote:and i believe I said before also taking all from employee's pocket is wrong ....
lets leave it there then.,.
Well it's hard to leave it there, since (IMO) it's not 'wrong' either way - it just depends on what is in the employment contract and/or agreed later on.
I don't think it's reasonable for an EP holder to just assume that an employer will be happy to pay their CPF contribution if they obtain PR, even if the original employment contract is silent on that point. Hence I think a discussion around this needs to be had before putting in a PR application, and an agreement (hopefully) reached. If not, and the employer really doesn't want to pay their CPF portion (and the employee is not willing to pay it either), there's always the chance that the employment will come to an end.
Remember that Singapore basically has 'at will' employment laws, meaning that a company can easily terminate an employee if they want to (assuming that they don't fall into the lower salary range, where some protection exists).
OK, I'll say no more on the subject now.
Posted: Sat, 26 Jul 2014 9:05 am
by ahiwhr018
ecureilx wrote:and the employer contribution isn't from your pocket right? (PNGMK claims it should be from YOUR pocket
)
Thanks to the headsup from you folks, I made sure to ask that. HR said yes, the employer CPF is extra that the company will pay for me.
My wife got her PR along with me. She works for a tiny company (<10 folks) and was clearly told that they will only offer graduated CPF contribution for her. Cause the cost to employer is minimized and 3 years (the graduated period) is a long time for this startup
Posted: Sat, 26 Jul 2014 11:39 am
by ecureilx
ahiwhr018 wrote:ecureilx wrote:and the employer contribution isn't from your pocket right? (PNGMK claims it should be from YOUR pocket
)
Thanks to the headsup from you folks, I made sure to ask that. HR said yes, the employer CPF is extra that the company will pay for me.
My wife got her PR along with me. She works for a tiny company (<10 folks) and was clearly told that they will only offer graduated CPF contribution for her. Cause the cost to employer is minimized and 3 years (the graduated period) is a long time for this startup
so you seen both scenarios.
Mi Amigo ..one of these days I am going to look up the legality of deducting Employer Contribution also from employee ...
Posted: Sat, 26 Jul 2014 1:16 pm
by therat
http://mycpf.cpf.gov.sg/Employers/Emplo ... n_SPRs.htm
How to determine CPF contributions
CPF contributions for Singapore Permanent Residents (SPRs)
The CPF contribution rates applicable for an employee who is a Singapore Permanent Resident (SPR) is dependent on his:
• Year of Singapore Permanent Resident (SPR) status; and
• Wages; and
• Age group
===============
http://mycpf.cpf.gov.sg/Employers/Gen-I ... es-SPR.htm
CPF Contributions for Singapore Permanent Residents (SPRs) from
1 January 2014
==============
The contribution table for new PR
1st yr of PR
http://mycpf.cpf.gov.sg/NR/rdonlyres/90 ... EN_1GG.pdf
2nd yr of PR
http://mycpf.cpf.gov.sg/NR/rdonlyres/E4 ... EN_2GG.pdf
Posted: Sat, 26 Jul 2014 4:48 pm
by sundaymorningstaple
You forgot the most important one. The one I linked to on the 1st page of this thread......
http://forum.singaporeexpats.com/sutra6 ... tml#695092
which, with both the employee & employer approving, can go directly to full rates if they desire from the get go.