Singapore legislation

Clause 16

of Pension Fund Bill

Clause 16

Amendments to Pensions Act

The Pensions Act [Cap. 225] is amended —

(a)

by inserting, immediately after the definition of “other public service” in section 2, the following definition:“ “Pension Fund” means the Pension Fund established by the Pension Fund Act 1995;”;

(b)

by deleting the words “Consolidated Fund” in section 4 and in the marginal note and substituting in each case the words “Pension Fund”;

(c)

by inserting, immediately after section 6, the following section:“Payment into Pension Fund6A. Any amount that is required under section 6(d)(i) to be first paid to the Government before any pension, gratuity or other allowance may be granted under this Act shall be paid into the Pension Fund.”; and

(d)

by deleting the words “Consolidated Fund” wherever they appear in section 10(2) and (3) and substituting in each case the words “Pension Fund”.