CPF Quarterly Statistics
	SECTION A – MEMBERS’ ACCOUNTS
	A1. Membership
	As at 31 December 2003
	Total No. of Members 3.0 million Total No. of Active Members1 1.3 million Total No. of Active Employers2 88,159
	1Active Member refers to a person who has at least one contribution paid for him for the current or any of the preceding 3 months. The figure excludes self-employed who are not employees concurrently. 2Active Employer refers to employers who had made payment for last month’s CPF contributions.
	A2. Accounts and Balances
	As at 31 December 2003
	Total Members’ Balance S$103,539.6 m Ordinary Account S$54,418.9 m Special Account S$15,405.2m Medisave Account S$29,821.6m Retirement Account and Others S$3,893.9m
	A3. Contributions and Withdrawals
	October to December 2003   Amount No. of Members Gross Contributions Received and Credited S$3,621.5m - Net Withdrawals Released3 S$2,944.1 m - Withdrawals by members under: Retirement     Section 15 & 25 of CPF Act S$646.3 m 82,234 (Age 55) 6,114 (Other grounds) Minimum Sum Scheme S$86.9 m - Housing     Public Housing Scheme S$984.3 m 623,558 (Withdrew and still own property) Residential Properties Scheme S$588.5 m 124,907 (Withdrew and still own property) Healthcare     Medisave Scheme S$278.6 m4 - MediShield Scheme S$13.4m - Asset Enhancement     Investment Scheme S$325.4 m NA5 Other Schemes6 S$20.7 m -
	3Net Withdrawals refer to withdrawals net of refunds. 4Includes ElderShield and Private Medical Insurance Schemes. 5Please note that a member may make more than 1 withdrawal over the 3-month period. 6Other schemes include Home Protection Scheme, Dependants’ Protection Scheme, and Education Scheme, etc.
	SECTION B – PARTICIPATION UNDER CPF SCHEMES
	B1. CPF Housing Scheme
	As at 31 December 2003
	Public Housing Scheme No. of Members 1,230,798 (withdrew and still own property) Net Amount Withdrawn S$66,466.0 m Residential Properties Scheme No. of Members 200,655 (withdrew and still own property) Net Amount Withdrawn S$38,008.2 m
	B2. CPF Investment Scheme
	CPFIS-OA
	As at 31 December 2003
	No. of Members7 760,727   Amount Percentage % Total Amount Invested S$23,845.7m 100 Stocks + Loan Stocks S$7,093.8m 29.8 Insurance Policies S$14,127.3 m 59.2 Unit Trusts S$2,488.2 m 10.4 Others S$136.4 m 0.6
	CPFIS-SA
	As at 31 December 2003
	No. of Members8 442,521   Amount Percentage(%) Total Amount Invested S$4,455.5 m 100 Insurance Policies S$3,727.3 m 83.7 Unit Trusts S$723.3 m 16.2 Others S$4.9 m 0.1
	CPFIS - Total Funds Still Available for Investment
	As at 31 December 2003
	CPFIS-OA S$53,535.4 m CPFIS-SA S$15,235.7 m
	7No. of members who have invested under CPFIS – Ordinary Account (including all who have participated in the scheme since inception). 8No. of members who have invested under CPFIS – Special Account (including all who have participated in the scheme since inception).
	B3. CPF Insurance Schemes
	Health Insurance
	No. of Persons Amount MediShield Coverage (as at 31 Dec 2003) 1,322,841 NA Claims (Oct to Dec 2003) 24,026 S$16.9 m MediShield Plus Coverage (as at 31 Dec 2003) 348,096 NA Claims (Oct to Dec 2003) 2,851 S$3.7 m
	Family Protection
	No. of Persons Amount Dependants’ Protection Scheme Coverage (as at 31 Dec 2003) 1,577,051 S$73,075.9 m assured Claims (Oct to Dec 2003)     Under Death Grounds 407 S$17.7 m paid Under Permanent Incapacity Grounds 263 S$11.3 m paid Home Protection Scheme Coverage (as at 31 Dec 2003) 678,657 S$76,998.0 m assured Claims (Oct to Dec 2003)     Under Death Grounds 156 S$12.6 m paid Under Permanent Incapacity Grounds 109 S$5.5 m paid
	SECTION C – DEFAULT RATES9 FOR THE PERIOD OCTOBER TO DECEMBER 2003
	Sector Month Manufac-Turing (%) Commerce (%) Construct-ion (%) Transport & Communi-cations (%) Financial & Business Services (%) Oct 2003 0.94 0.69 1.29 0.95 0.70 Nov 2003 0.99 0.63 1.35 0.92 0.78 Dec 2003 0.95 0.68 1.37 0.79 0.78 Overall Default Rates: MONTH OVERALL DEFAULT RATES % Oct 2003 0.79 Nov 2003 0.79 Dec 2003 0.83 Oct to Dec 2003 0.80
	9Definition of Default Rates: The default rate represents the percentage of employers who default CPF payments for two consecutive months.