CPF Quarterly Statistics
SECTION A – MEMBERS’ ACCOUNTS
A1. Membership
As at 31 March 2008
Total No. of CPF Members1 3.19 million Total No. of Active CPF Members2 1.57 million Total No. of Active Employers3 102,955
1 CPF Member refers to a person (including self-employed) who has a positive balance in any of his accounts.
2 Active CPF 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.
3 Active Employers refer to employers who had made payment for last month’s CPF contributions.
A2. Accounts and Balances
As at 31 March 2008
Total Members’ Balance S$139,790.4 m Ordinary Account S$61,872.6 m Special Account S$27,242.4 m Medisave Account S$40,101.3 m Retirement Account and Others S$10,574.1 m
A3. Contributions and Withdrawals
January to March 2008   Amount No. of Members Gross Contributions Received and Credited4 S$5,896.9 m - Net Withdrawals Released5 S$4,003.1 m - Withdrawals by members under:     Retirement     Section 15 & 25 of CPF Act S$665.3 m 40,304 (Age 55) 6,156 (Other grounds) Minimum Sum Scheme S$80.6 m - Housing     Public Housing Scheme S$1,387.0 m 627,988 (Withdrew and still own property) Residential Properties Scheme S$283.3 m 125,755 (Withdrew and still own property) Healthcare     Medisave Scheme6 S$194.7 m - MediShield Scheme S$37.0 m - Asset Enhancement     Investment Scheme S$1,323.5 m NA7 Other Schemes8 S$31.7 m -
4Includes Government Grants. 5Net Withdrawals refer to withdrawals net of refunds. 6Includes ElderShield and Private Medical Insurance Schemes. 7Please note that a member may make more than 1 withdrawal over the 3-month period. 8Other Schemes include Home Protection Scheme, Dependants’ Protection Scheme, Education Scheme, Special Discounted Shares Scheme, etc.
SECTION B – PARTICIPATION UNDER CPF SCHEMES
B1. CPF Housing Scheme
As at 31 March 2008
Public Housing Scheme No. of Members 1,290,558 (Withdrew and still own property) Net Amount Withdrawn S$84,112.3 m Residential Properties Scheme No. of Members 224,734 (Withdrew and still own property) Net Amount Withdrawn S$46,089.9 m
B2. CPF Investment Scheme
CPFIS-OA
As at 31 March 2008
No. of Members9 894,368   Amount Percentage % Total Amount Invested S$27,834.2 m 100 Stocks + Loan Stocks S$4,560.1 m 16.4 Insurance Policies S$17,559.3 m 63.1 Unit Trusts S$5,442.2 m 19.5 Others S$272.6 m 1.0
CPFIS-SA
As at 31 March 2008
No. of Members10 550,165   Amount Percentage(%) Total Amount Invested S$7,874.9 m 100 Insurance Policies S$6,207.6 m 78.8 Unit Trusts S$1,667.3 m 21.2 Others S$0.0 m 0.0
CPFIS - Total Funds Still Available for Investment
As at 31 March 2008
CPFIS-OA S$60,364.6 m CPFIS-SA S$26,519.3 m
9 No. of members with Investment Account. However, they may or may not hold any investments in their CPF Investment Accounts. 10 No. of members with investment holdings.
B3. CPF Insurance Schemes
Health Insurance
No. of Persons Amount MediShield Coverage (as at 31 Mar 2008) 2,903,014 NA Claims (Jan to Mar 2008) 42,413 S$38.1 m
Family Protection
No. of Persons Amount Home Protection Scheme Coverage (as at 31 Mar 2008) 664,358 S$82,881.6 m assured Claims (Jan to Mar 2008)     Under Death Grounds 188 S$16.3 m paid Under Permanent Incapacity Grounds 91 S$9.4 m paid
SECTION C – DEFAULT RATES11 FOR THE PERIOD JANUARY TO MARCH 2008
Sector Month Manufac-turing (%) Commerce (%) Construct-ion (%) Transport & Communi-cation (%) Financial & Business Services (%) Jan 2008 0.42 0.44 0.60 0.75 0.50 Feb 2008 0.64 0.52 0.78 0.81 0.59 Mar 2008 0.65 0.62 0.88 0.83 0.65 Overall Default Rates: MONTH OVERALL DEFAULT RATES % Jan 2008 0.51 Feb 2008 0.60 Mar 2008 0.69 Jan to Mar 2008 0.60
11Definition of Default Rates: The default rate represents the percentage of employers who default CPF payments for two consecutive months.