News Release by:
Central Provident Fund Board
7 June 2009 --
56,700 SEPs have qualified for the first draw for work done in 2008
The CPF Board conducted its first Medisave Contribution Draw (MCD) for eligible self-employed persons (SEPs) and informal workers for work done in 2008 on 1 June 2009. This is the second year that MCD is being conducted.
2. The top 3 winners are:
Top prize of $3,000 cash: Thng King Khoon (SXXXX471G)
Second prize of $2,000 cash: Tan Ah Leong (SXXXX122C)
Third prize of $1,000 cash: Lim Chin Hock (SXXXX741D)
3. Besides the top 3 winners, there were 300 winners, each won a cash prize of $100. The full results can be accessed via the Workfare Income Supplement (Workfare) website at www.wis.sg. The Board will be notifying all winners by post.
Qualifying for the MCD
4. 56,700 SEPs and informal workers who had worked in 2008 and fulfilled at least 10% of their 2008 Medisave liabilities had qualified for the 1 June 2009 draw.
5. The MCD aims to encourage low-income SEPs and informal workers to contribute to their Medisave accounts. One chance is awarded for every 10% of Medisave liabilities fulfilled - SEPs and informal workers who have fulfilled all their liability would be given the maximum 10 chances.
Future MCDs
6. The 1 June 2009 draw is the first in a series of four draws for work done in 2008. The second and third draws will be held in September and December 2009. The final and Annual Grand Draw will be held in March 2010.
7. Low-income SEPs and informal workers who fulfill their 2008 Medisave liabilities by 31 January 2010 will enjoy the maximum chances of winning up to $5,000 in cash at the Annual Grand Draw. The second and third prizes are $3,000 and $2,000 respectively, and there are also 500 consolation prizes of $200 each to be given out. The MCD is open to all low-income SEPs and informal workers who had worked in 2008 and who satisfy the following criteria:
a. Singapore citizen;
b. Average monthly income of not more than $1,500; and
c. Live in a property with an Annual Value of not more than $10,000.
8. Low-income SEPs and informal workers are encouraged to fulfil their Medisave liabilities to get maximum chances for the Grand Draw.
Contact Information
9. Queries can also be addressed via:
- Email at wis@cpf.gov.sg
- Hotline number at 1800-2222-888 (Mon-Fri: 8am – 6pm)