Do you still need to contribute to CPF if mandatory contribution alone hits the limit of $37740 for the year?

Is the op also asking whether if the contributions to cpf if 3xceeds the 37k cap what happens tocthe rest. I think it could exceed the cap. Cause some pple got 1 mth mid yr bonus. 13 m salary. 1.5mth end yr bonus, 3 to 4 mth performance bonus. (thats 12 +1+1+1.5+4m) =19.5 months x 2200 = 41800. Exceed liao the 37k cap.

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So how what happens to the extra money in my scenario.

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For each employer, total annual MC can't contribute more than $37740. With max $6000 from mothly salary subject to contribution, max monthly contribution is $6000 x 37% = $2220, it won't hit $3700 in your example.

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Unless you have 2 jobs, you would have 2x $37740 annual limit for total MC and VC.