1.	What is the Medisave Contribution Draw?
2.	Am I eligible for the Medisave Contribution Draw?
3.	When will the draws be held?
4.	What are the prizes?
5.	How many chances will I receive for each draw?
6.	What is the qualifying criteria for the Grand Draw?
7.	How will I know if I win?
Medisave Contribution Draw
1.	What is the Medisave Contribution Draw?
	The Medisave Contribution Draw (MCD) is a lucky draw administered by the CPF Board to encourage low-income self-employed persons (SEPs) and informal workers to contribute to their Medisave accounts and benefit from the Workfare Income Supplement (WIS) scheme.
2.	Am I eligible for the Medisave Contribution Draw?
	The MCD will be opened to all low-income SEPs who are Singapore Citizens earning not more than $1,500 a month, and living in a property with an Annual Value of $10,000 or less. SEPs and informal workers of all ages may qualify. To qualify for the first MCD quarterly draw for 2007 income, SEPs/informal workers must make their Medisave contributions in full or in part for the liability arising from income earned in the year 2007, by 30 April 2008.
3.	When will the draws be held?
	The draws will be held every quarter from June 2008, for Medisave contributions made for work done in 2007. The fourth quarterly draw, which is the Annual Grand Draw, will take place in March 2009. All SEPs/informal workers who contribute before the Grand Draw will get to participate in the Grand Draw. The MCD will run for three years and will be reviewed thereafter. Date Event Jan 2007 – Dec 2007 Participant works From Aug 07 Participant makes contribution for Medisave liabilities Jan 2008 First WIS payment to participants who have made Medisave contributions by Nov 2007 for work done in the first half of 2007 Jan 2008 – Apr 2008 Participant declares his income earned in 2007 to IRAS or CPFB Participant makes contribution for 2007 Medisave liabilities May 2008 Second WIS payment to participants who have fulfilled their Medisave liabilities for the full 2007 work year Jun 2008 1st MCD quarterly draw Sep 2008 2nd MCD quarterly draw Dec 2008 3rd MCD quarterly draw Mar 2009 MCD Annual Grand Draw
4.	What are the prizes?
	Prizes will be given in cash as shown in the tables below. Prizes won by participants with CPF arrears will first be used to settle the arrears. Quarterly Draw:
	Prize No. of Prizes Prize Value ($) 1st 1 3,000 2nd 1 2,000 3rd 1 1,000 Consolation 300 100
	Grand Draw:
	Prize No. of Prizes Prize Value ($) 1st 1 5,000 2nd 1 3,000 3rd 1 2,000 Consolation 500 200
5.	How many chances will I receive for each draw?
	Chances for each draw will be awarded in direct proportion to the amount of Medisave liability paid before the draw. One chance will be awarded in each draw for every 10% of the Medisave liability paid up to the month preceding the draw. Participants who pay up in full before the deadline for the first draw will have the maximum number of chances in all four draws. Examples are shown in the table below:
	Scenarios for different payments No.of chances Total Jun 08 Sep 08 Dec 08 Mar 09 (A) Paid everything by May 08 in one lump sum 40 10 10 10 10 (B) Paid 25% by first draw, paid 50% by second draw, 75% by third draw and 100% by 4th draw 24 2 5 7 10
6.	What is the qualifying criteria for the Grand Draw?
	All SEPs/informal workers who contribute towards their Medisave liabilities will get to participate in the Grand Draw. Contributions up to the month preceding the Grand Draw will be used to determine the number of chances awarded.
7.	How will I know if I win?
	CPF Board will inform the winners by post. Winners for each draw will also be announced in the newspapers after each draw.