Employment Act (Chapter 91): Primary legislation governing employment relationships in Singapore, including notice period requirements and statutory entitlements for termination
Income Tax Act (Chapter 134): Governs the tax treatment of severance payments and related tax obligations for both employer and employee
Central Provident Fund Act (Chapter 36): Regulates mandatory CPF contributions and their treatment in relation to severance payments
Retirement and Re-employment Act: Relevant for considering severance payments in relation to retirement age employees
Employment Claims Act 2016: Framework for resolving salary-related disputes and claims, including those related to severance payments
MOM Guidelines on Retrenchment Benefits: Ministry of Manpower's official guidelines on fair retrenchment benefits and calculations (typically 2 weeks to 1 month salary per year of service)
Tripartite Guidelines on Managing Excess Manpower: Guidelines jointly issued by MOM, NTUC and SNEF on responsible retrenchment practices and management of excess manpower
Notice Period Requirements: Statutory notice periods based on length of service as prescribed in the Employment Act
CPF Contribution Obligations: Mandatory retirement and healthcare savings contributions that must be considered in severance calculations
Tax Treatment Provisions: Specific provisions addressing the tax implications and treatment of severance payments
Confidentiality Obligations: Provisions to maintain confidentiality of company information post-employment
Non-disparagement Provisions: Clauses preventing parties from making negative statements about each other
Release of Claims: Provisions for the mutual release of potential legal claims between parties
Company Property Return: Requirements for the return of company assets and intellectual property
Post-employment Restrictions: Any applicable non-compete or non-solicitation restrictions
