Clause 4

Every contributor shall, at his option exerciseable as is provided in this section, be entitled to —

cease to contribute and elect that his widow or his widow and children or his children, as the case may be, shall be entitled, on his death, to a pension, computed on the basis of the interest acquired by the contributor at the date of his ceasing to contribute in accordance with the Rules and Tables set out in the First Schedule to this Ordinance; or

cease to contribute and elect that he be paid —

a sum calculated in accordance with the Rules and Tables set out in the First Schedule to this Ordinance if, at the time of his election, he is a contributor with a wife or wife and children or children, as the case may be; or

a sum calculated in accordance with paragraph (a) of section 12 of this Ordinance if, at the time of his election, he is a bachelor; or

a sum calculated in accordance with the Rules and Tables set out in the First Schedule to this Ordinance and paragraph (b) of section 12 of this Ordinance if, at the time of his election, he is a widower without children:Provided that the rights of every such contributor under this Ordinance shall cease; or

elect to continue to contribute in accordance with the provisions of this Ordinance.(2) The option shall be exerciseable by written notification to the Permanent Secretary to the Ministry of Finance before the expiration of six months from a date to be appointed by the Minister by an Order, published in the Gazette, and when so exercised shall be irrevocable.(3) For the purposes of subsection (1) of this section, a contributor shall be deemed to include a person from whose salary or pension deductions have been made in accordance with the provisions of this Ordinance, until he had attained the age of sixty-five years or had made contributions for thirty-five successive years.”.