Clause 8

As from the appointed day, such persons employed immediately before that day in the Authority as the Minister may determine shall be transferred to the service of the successor company or the successor Authority on terms no less favourable than those enjoyed by them immediately prior to their transfer.

Until such time as terms and conditions of service are drawn up by the successor company or the successor Authority, the schemes and terms and conditions of service in the Authority shall continue to apply to every person transferred to the service of the successor company or the successor Authority under subsection (1) as if he were still in the service of the Authority.

The terms and conditions to be drawn up by the successor company or the successor Authority shall take into account the salaries and terms and conditions of service, including any accrued rights to leave, enjoyed by the persons transferred to the service of the successor company or the successor Authority under subsection (1) while in the employment of the Authority and any such term or condition relating to the length of service with the successor company or the successor Authority shall provide for the recognition of service under the Authority by the persons so transferred to be service by them under the successor company or the successor Authority.

Nothing in the terms and conditions to be drawn up by the successor company or the successor Authority shall adversely affect the conditions that would have been applicable to persons transferred to the service of the successor company or the successor Authority as regards any pension, gratuity or allowance payable under the Pensions Act (Cap. 225) or the Port of Singapore Authority Act (Cap. 236) in force immediately before the appointed day, as the case may be.

Notwithstanding the provisions of the Pensions Act and the Port of Singapore Authority Act in force immediately before the appointed day, no person who is transferred to the service of the successor company or the successor Authority under subsection (1) shall be entitled to claim any benefits under either Act on the ground that he has been retired from the service of the Authority on account of abolition or for the purpose of facilitating improvement in the organisation of the Authority or reorganisation of office in consequence of the incorporation of the successor company.