74,300 SEPs have qualified for the third draw
News Release by:
Central Provident Fund Board
11 December 2009 --
The CPF Board conducted its third Medisave Contribution Draw (MCD) for eligible self-employed persons (SEPs) and informal workers for work done in 2008 on 7 December 2009, at the CPF Board.
2. The top 3 winners are:
Top prize of $3,000 cash: Loh Kar Yen, Vernon (SXXXX799B)
Second prize of $2,000 cash: Loo Chee Sung (SXXXX381A)
Third prize of $1,000 cash: Oh Beng Hwee (SXXXX365D)
3. Besides the top prizes, another 300 cash prizes of $100 each were also picked. The full results can be accessed via the Workfare Income Supplement (Workfare) website at www.wis.sg. The Board will notify all winners by post.
Qualifying for the MCD
4. 74,300 SEPs and informal workers who had worked in 2008 and fulfilled at least 10% of their 2008 Medisave liabilities had qualified for the 7 December 2009 draw, compared to 70,600 for the second draw held in September 2009.
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 MCD draws
6. The 7 December 2009 draw is the third in a series of four draws for work done in 2008. The fourth draw, which is also the 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 less 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. Information on the MCD can be found at www.wis.sg. Queries can also be addressed via:
- Email at wis@cpf.gov.sg
- Hotline number at 1800-2222-888 (Mon-Fri: 8am – 6pm)