Clause 9

Section 45(1) of the principal Act is amended by inserting, immediately after paragraph (ia), the following paragraph:“(ib)to prescribe for the purposes of section 12(6) the minimum sum which is required to be set aside by a member at the time of the withdrawal of the sum standing to his credit in the Fund, the method of computing the minimum sum and the amount or manner in which the minimum sum may be withdrawn after a member has attained the age of 60 years or such other age as may be prescribed and different minimum sums may be prescribed for different classes of members, and for the purposes of section 12C;”.