Singapore legislation
Clause 2
Clause 2
Repeal and re-enactment of section 3
Section 3 of the Pioneer Generation Fund Act 2014 is repealed and the following section substituted therefor:“Purpose of Act
3. The purpose of this Act is to recognise and honour the participation and sacrifice of Singapore’s Pioneers in the early stages of Singapore’s development by providing to such Pioneers in their elder years assistance in the form of financial benefits or other support to meet their healthcare costs and other costs of living in Singapore.”.