Singapore legislation
Section 24
Section 24
Calculation of pensions
(1)
All pensions shall be calculated according to the Rules and Tables set out in the First Schedule.
(2)
The President may vary any of the Rules and Tables referred to in subsection (1).
(3)
In the case of contributions made in the manner provided in section 4 for officers holding or having held posts the salary of which is on a sterling basis, the contributions shall for the purpose of calculating pensions be deemed to be fixed sterling contributions and the pensions shall accordingly be fixed and payable in sterling or, if paid in Singapore, shall be converted into dollars at the rate annually or periodically fixed by the Government for the payment in Singapore of officers’ salaries or pensions.