Singapore legislation

Clause 9

of Port of Singapore Authority (Dissolution) Bill

Clause 9

Pension, gratuity, etc., of transferred employees

(1)

The successor company or the successor Authority shall be liable to pay to every employee of the Authority who is transferred to the service of the successor company or the successor Authority under section 8 or his dependants on his retirement from service in the successor company or the successor Authority or on his death while in such service, as the case may be, such gratuity, pension or allowance which would have been payable under the Port of Singapore Authority Act (Cap. 236) in force immediately before the appointed day and any rules or regulations made thereunder, if and as if the employees continued in the service of the Authority after the appointed day.

(2)

Notwithstanding the repeal of the Port of Singapore Authority Act but subject to the provisions of this Act, the provisions of the Singapore Harbour Board Regulations governing the scale of gratuities payable to employees in receipt of daily or hourly rates of pay, the Harbour Board Superannuation Scheme Regulations, the Port of Singapore Authority (Pension Scheme) Rules and the Port of Singapore Authority (Dockyard Staff) (Pension) Order in force immediately before the appointed day shall —

(a)

continue in force as if the references therein to the Authority are references to the successor company or the successor Authority; and

(b)

continue to apply to the employees of the Authority transferred under section 8 in the like manner as those regulations and rules applied to the employees immediately before the appointed day.