The Legislative Assembly (AL) passed the government’s bill on a non-mandatory central provident fund, which is slated to take effect on January 1 next year, after its promulgation in the Official Gazette (BO), during a plenary session yesterday.
The legislative process took the government about a decade and two public consultations to complete.
The bill’s outline was passed in a plenum of the legislature in June last year. The legislature’s 1st Standing Committee held 13 meetings to review the bill.
Secretary for Social Affairs and Culture Alexis Tam Chon Weng addresses yesterday’s plenary session in the legislature’s hemicycle. Photo: MPDG
