Singapore legislation
Section 8
Section 8
Director to make periodic payments out of Fund
(1)
Subject to this Act, the Director shall, at the end of each month, beginning with the month next following the relevant date, pay out of the Fund a sum equal to such proportion of wages (not exceeding 60% thereof) as the Minister may, by notification in the Gazette, declare and such payments shall continue —
in the case of a member of the Fund who is a citizen of Singapore, until the amount standing to the credit of that member in the Fund is exhausted; and
in the case of a member of the Fund who is not a citizen of Singapore, until an amount equal to two-thirds of the redundancy payment has been paid out of the Fund to that member.
(2)
The balance of moneys remaining in the Fund that is equal to one-third of the redundancy payment and any interest that has accrued on the redundancy payment from the date that the payment was made into the Fund shall be paid to the member of the Fund who is not a citizen of Singapore, if, and when, the member satisfies the Director, on such evidence as he may require, or as may be prescribed, that he is about to leave Singapore and has no intention of returning to Singapore.
(3)
Upon publication in the Gazette the proportion that is specified in the notification shall become the proportion of wages that shall be paid to a member of the Fund under subsection (1).
(4)
When the total amount standing to the credit of a member of the Fund has been paid to him that member shall have no further claim against the Fund.
(5)
The Director shall keep full and complete records, in such form as he thinks fit, of all payments made by him under subsection (1).