Clause 14

In the Pioneer Generation and Merdeka Generation Funds Act 2014 (called in this section the principal Act), in section 16(1)(a), delete “during” and substitute “in respect of”.

Where, before the date of commencement of this section, a crediting or purported crediting of a cash grant to a Pioneer’s or Merdeka Generation Senior’s Medisave account or other account in the Central Provident Fund was made outside the prescribed period mentioned in section 16(1)(a) of the principal Act, following a determination by the Appeals Panel under section 13(6) or 14(4) of the principal Act that the recipient is a Pioneer or Merdeka Generation Senior (as the case may be), the crediting or purported crediting is taken to have been validly made as if section 16(1)(a) of the principal Act as amended by subsection (1) were in force at the material time.