Singapore legislation
Clause 5
Clause 5
Amendment of the First Schedule
The First Schedule to the principal Ordinance is hereby amended —
by adding the words “AND REPAYMENT TO CONTRIBUTORS WHO EXERCISE THEIR OPTION UNDER SECTION 6C OF THIS ORDINANCE” immediately after the word “OFFICERS” appearing in the heading of Part DD therein; and
by deleting the first sentence of Rule X therein and substituting therefor the following: —“The sums referred to in paragraph (c) of subsection (1) of section 6B and sub-paragraphs (i) and (iii) of paragraph (b) of subsection (1) of section 6C of this Ordinance are calculated by subtracting from the officer’s prospective pension, calculated in accordance with the foregoing rules, the product of his annual contribution and Table B factor and multiplying the product by the Table C factor, both factors corresponding to the ages on the next birthday of the officer and his wife after the date of retirement or after the date of his exercising the option to cease to contribute under the provisions of section 6C of this Ordinance, as the case may be.”.