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Contribution Rates to Eurasian Community Fund (ECF) by Employees belonging to the Eurasian* Community (Singapore Citizens and Permanent Residents).
ECF. Employees who belong to the Eurasian community and are: Singapore Citizens. Singapore Permanent Residents. “Eurasian” means a person defined as such in his/her identity card or a person of both European and Asian ancestry.
Apr 26, 2024 · CPF only acts as the collection agent for the Skills Development Levy (SDL) on behalf of SkillsFuture Singapore (SSG) and contributions to Self-Help Groups (SHGs) on behalf of their employees’ respective SHGs – either CDAC, ECF, MBMF or SINDA, typically based on their race.
Jan 15, 2024 · In this comprehensive article, we will not only provide you with the updated ECF, SINDA, CDAC, and MBMF contribution rates for the year 2024 but also delve deeper into the history and significance of these funds.
The ECF contribution rates were increased once in 2015, due to an increase in operating funds required for community service efforts, which exceeded ECF contributions and the government matching grant.
The annual Eurasian Community Fund (ECF) Education Awards Ceremony was inaugurated in 1996. It signals to the Eurasian community the importance of achieving academic excellence and encourages students to excel in their studies.
Contribution of ECF helps to feed families, finance children’s education and run programmes, workshops and courses to reach out to more people in need. What are Self-Help Group (SHG) Funds in Singapore?
