Singapore legislation

Clause 21

of Pioneer Generation Fund (Amendment) Bill

Clause 21

Amendment of section 16

Section 16 of the principal Act is amended —

(a)

by inserting, immediately after the words “a Pioneer” wherever they appear in subsections (1), (2) and (3), the words “or Merdeka Generation Senior”;

(b)

by inserting, immediately after the words “the Pioneer” wherever they appear in subsection (1)(a), (c) and (d), the words “or Merdeka Generation Senior”; (c)by inserting, immediately after the word “credited” in subsection (1)(a), the words “, during a prescribed period (if prescribed),”;

(d)

by inserting, immediately before the words “a cash” in subsection (1)(b), the words “for Pioneers only,”;

(e)

by inserting, immediately after paragraph (b) of subsection (1), the following paragraph:“(ba)for Merdeka Generation Seniors only, a cash grant to be credited to the Merdeka Generation Senior’s PAssion Silver stored value card, being of an amount prescribed;”; (f)by inserting, immediately after paragraph (c) of subsection (1), the following paragraph:“(ca)a subsidy of the cost of any premium of a prescribed insurance scheme covering the Pioneer or Merdeka Generation Senior in relation to any disability, being of an amount prescribed for the Pioneer or Merdeka Generation Senior (as the case may be) and payable for premiums due during a prescribed period;”; and

(g)

by deleting the section heading and substituting the following section heading:“Pioneer Generation and Merdeka Generation benefits”.