Clause 6

by deleting paragraph (b) of subsection (1) and substituting the following paragraph:“(b)any person to pay money into the retirement account of a member who has attained the age of 55 years; or”;

by deleting the words “his parent, grandparent, spouse or sibling” in subsection (2)(b) and substituting the words “a member”;

by deleting paragraph (b) of subsection (3) and substituting the following paragraph:“(b)any person to pay money into the special account of a member who has not attained the age of 55 years.”;

by deleting subsections (4), (5) and (6) and substituting the following subsections:“(4) Subject to subsection (6), where a member is a spouse or sibling to whose special account any moneys have been transferred under subsection (3)(a) —

the moneys so transferred; and

any interest that would have accrued thereto,shall be transferred by the Board to the member’s retirement account when the member attains the age of 55 years.(5) Subject to subsection (6) —

any moneys paid by any person into a member’s special account under subsection (3)(b); and

any interest that would have accrued thereto,shall be transferred by the Board to the member’s retirement account when the member attains the age of 55 years.(6) Where, when a member attains the age of 55 years, the total amount of the moneys and interest referred to in subsections (4)(a) and (b) and (5)(a) and (b) exceeds the minimum sum applicable to the member —

the total amount to be transferred by the Board to the member’s retirement account under subsections (4) and (5) shall not exceed the minimum sum applicable to the member; and

the moneys and interest referred to in subsections (4)(a) and (b) and (5)(a) and (b) shall be transferred by the Board to the member’s retirement account in the following order of priority:

the moneys and interest referred to in subsection (4)(a) and (b); and

the moneys and interest referred to in subsection (5)(a) and (b).”;

by inserting, immediately after subsection (7), the following subsection:“(8) Any moneys transferred under subsection (1)(a), (2)(a) or (3)(a), paid under subsection (1)(b), (2)(b) or (3)(b) or maintained under subsection (1)(c) shall be deemed to be contributions for the purposes of this Act.”; and

by deleting the section heading and substituting the following section heading:“Transfer or payment of moneys to retirement account or special account, and voluntary maintenance of sum in retirement account”.