Singapore legislation
Section 18A
Section 18A
Transfer of member’s moneys in ordinary account or special account to retirement account
(1)
The Board may, subject to any regulations made under section 77(1)(o) and such terms and conditions as it may impose, permit a member who has less than the prescribed amount standing to the member’s credit in his or her retirement account to transfer a sum (not exceeding such amount as may be prescribed in those regulations) standing to the member’s credit in his or her ordinary account or special account, or in both accounts, to his or her retirement account.
(1A)
All moneys transferred to a retirement account under subsection (1) must be applied in accordance with any regulations made under section 77(1)(o) and such terms and conditions as the Board may impose.
(2)
In this section, “prescribed amount” means an amount prescribed by regulations made under section 77(1)(o).