Clause 2

by inserting, immediately after the definition of “incapacitated person”, the following definition:“ “life annuity” means an annuity payable under a policy issued to an SRS member for a term ending with, or at a time ascertainable only by reference to, the end of his life;”;

by inserting, immediately after the definition of “prescribed”, the following definition:“ “prescribed retirement age” has the same meaning as in the Retirement Age Act (Cap. 274A);”; and

by inserting, immediately after the definition of “return”, the following definitions:“ “SRS account” means an account opened with an SRS operator by an SRS member;“SRS contribution cap”, in relation to an SRS member, means the maximum contribution prescribed under section 10L that may be made by the member to his SRS account in any year under the SRS;“SRS member” means a member of the Supplementary Retirement Scheme;“SRS operator” means any company approved by the Minister, or such other person as he may appoint, for the purposes of the Supplementary Retirement Scheme;“Supplementary Retirement Scheme” or “SRS” means the Supplementary Retirement Scheme established by regulations made under section 10L;”.