Singapore's CPF urges foreign contributors to withdraw savings after account closure

SINGAPORE: Singapore’s Central Provident Fund (CPF) Board has called on all foreigners who have previously contributed to the social security scheme to transfer out their savings following their accounts being closed automatically in April.

The board said to date, the majority of 300,000 non-Singapore citizens (non-SCs) and non-permanent residents (non-PRs) whose accounts were closed have yet to come forward to transfer their CPF savings into their personal bank accounts.