Singapore legislation
Clause 3
Clause 3
Pensions in respect of service as Members
(1)
Subject to the provisions of this Act, a person who, after the commencement of this Act, ceases at any time to be a Member may be granted a pension under this section if he has not less than nine years’ reckonable service as a Member (whether continuously or not) and has attained the age of fifty years.
(2)
The annual amount of pension payable to a Member shall be —
in respect of every completed year of reckonable service, at the rate of one-thirtieth (1/30) of his annual salary; and
in respect of any remaining uncompleted year of reckonable service, at the rate of one-three hundred and sixtieth (1/360) part of his annual salary for each completed month of reckonable service:Provided that the annual pension payable to any Member shall not exceed two-thirds of his annual salary.
(3)
Subject to sections 10 and 12, a pension under this section shall continue for the life of the person to whom it is payable but shall not be payable in respect of any period during which he is again a Member or is a candidate for election to Parliament; at the end of that period the pension shall again be payable and shall be recomputed under subsection (2) with the addition of any further period of reckonable service to the period of his former reckonable service as a Member.
(4)
For the purposes of subsection (2), “annual salary” means the annual equivalent of the highest monthly rate of salary (excluding any non-pensionable allowances) received by a Member during any period of his service as a Member.
(5)
For the purposes of subsection (3), a person who ceases to be a Member in consequence of the dissolution of Parliament shall be treated as a candidate for election from the date of such dissolution if he seeks re-election at the next general election.