
Extension of PEP
Extension of PEP
I have been unemployed since 1 Jan 2013 and my PEP expires on 30 June 2013. I am in the final stages of negotiations with a prospective employer and need an extension of my PEP by a month.
Any advice on how best to go about it? My last drawn salary was SGD 100,000.
Any advice on how best to go about it? My last drawn salary was SGD 100,000.
Re: Extension of PEP
Soul wrote:I have been unemployed since 1 Jan 2013 and my PEP expires on 30 June 2013. I am in the final stages of negotiations with a prospective employer and need an extension of my PEP by a month.
Any advice on how best to go about it? My last drawn salary was SGD 100,000.
Just curious:
1)Is 30th June the actual expiry date on the PEP card?
or
2)Is it the end of the 6 month unemployment period?
If it is 2) how do you know the exact date of expiry? Did you inform MoM the last date of your previous employment and subsequently MoM tell you that your PEP expires on 30th June or are you assuming that 30th June is the expiry date?
- sundaymorningstaple
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I would assume it will expire 5 years from the date of issue or the last day of your employment if over 5 years. Whichever comes first. Of course they may well require you to go on an EP after 5 years, but I don't know one way or the other.
Changes to the system require substitution of 3 years and salary minimums where applicable.
Changes to the system require substitution of 3 years and salary minimums where applicable.
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