Singapore legislation
Section 16
Section 16
Deficiencies
(1)
Subject to subsection (2), where the moneys in the Fund are insufficient to pay any pension, gratuity, allowance, compensation or other like benefit at the time when such payment becomes due under the INVEST Plan or the Scheme, the deficiency is charged on and payable out of the Consolidated Fund.
(2)
Subsection (1) applies only to any pension, gratuity, allowance, compensation or other like benefit —
(a)
in respect of any uniformed service officer referred to in section 4(1)(a) who opts to join the INVEST Plan; or
(b)
in respect of any officer referred to in section 4A(4)(a) of the Prevention of Corruption Act 1960 who opts to join the Scheme under that Act.