SINGAPORE — The Ministry of Manpower (MOM) and the Central Provident Fund Board (CPFB) are currently reviewing the rules relating to the automatic revocation of a CPF nomination in the case of a divorce, said Minister for Manpower Tan See Leng.
Tan was responding to a parliamentary question by Member of Parliament (MP) for Mountbatten Lim Biow Chuan who had asked whether the CPFB has reviewed the CPF nomination rules to allow the automatic revocation of a CPF nomination when a member has been divorced.
Under current rules, any existing CPF nominations are not automatically revoked in the event of a divorce. A marriage, however, will automatically revoke any existing nomination.
Tan added that since April 2023, the CPFB has been reaching out to members who experience a change in their marital status, including divorces, to consider making a new CPF nomination. This is in addition to reminders in their annual statement of accounts to review their nominations and make a new one if required so that it is up-to-date, according to MOM.
Earlier in March 2023, Tan had said that CPF nominations are currently treated in the same way as wills and are revoked upon marriage to give CPF members an opportunity to make a new nomination.
"Like wills, CPF nominations are not revoked in the event of a divorce as we recognise that the CPF member may still intend to provide for the ex-spouse and children from the marriage," said Tan in March.
"The Board also intends to remind those members who have undergone divorce to review their nominations. CPF members should review and update their nominations when their life circumstances have changed," he added.