Employment Act (Chapter 91): Primary legislation governing employment relationships in Singapore. Key considerations include termination provisions, notice periods, and statutory requirements for salary and benefits payments.
Central Provident Fund Act (Chapter 36): Governs mandatory social security savings system in Singapore. Relevant for CPF contribution requirements during termination and handling of CPF obligations for both employer and employee.
Income Tax Act (Chapter 134): Determines tax treatment of severance payments, including taxation of different package components and associated reporting requirements.
Retirement and Re-employment Act: Specific provisions for employees near retirement age, including special considerations and protections for older workers.
MOM Guidelines: Ministry of Manpower guidelines including Tripartite Guidelines on Managing Excess Manpower and Fair Employment Practices, outlining responsible retrenchment practices.
Industrial Relations Act: Relevant for employees covered by collective agreements and union consultation requirements during termination processes.
Personal Data Protection Act 2012: Governs the treatment and retention of employee personal data during and after the termination process.
Notice Period Requirements: Contractual and statutory requirements regarding notice period or payment in lieu of notice.
Leave Entitlements: Calculation and payment of pro-rated Annual Leave entitlements and encashment procedures.
Annual Wage Supplement: Pro-rated calculation and payment of AWS (13th month bonus) if applicable under employment terms.
Outstanding Compensation: Settlement of all outstanding salary, benefits, and reimbursements due to the employee.
Confidentiality Provisions: Terms regarding ongoing confidentiality obligations and protection of company information post-employment.
Release of Claims: Legal provisions for the release and waiver of potential claims against the employer.
Company Property: Requirements and procedures for the return of all company property, including equipment and documents.
Post-Employment Restrictions: Terms regarding non-compete, non-solicitation, and other post-employment restrictions if applicable.
Tax Clearance: Requirements for tax clearance, particularly relevant for foreign employees leaving Singapore.
