Regulation 12A

This regulation applies where 2 members of the Fund who are parties to a marriage have set aside jointly an amount which is less than the aggregate of the retirement sums of both members in accordance with regulation 4(2), and that amount is retained in their respective retirement accounts under section 15(6C)(a) of the Act.

Subject to paragraph (4) and regulation 13D, where 2 members of the Fund who are parties to a marriage have set aside jointly an amount which is less than the aggregate of the retirement sums of both members in accordance with regulation 4(2), the amount which each member may withdraw monthly from the amount retained in their respective retirement accounts is $350.

Subject to paragraph (4) and regulation 13D, where 2 members of the Fund who are parties to a marriage have set aside jointly an amount which is less than the aggregate of the retirement sums of both members in accordance with regulation 4(2), and either member dies or the members are divorced, the amount that the surviving or divorced member may withdraw monthly from the amount of his or her retirement sum in the member’s retirement account under section 15(6C)(a) of the Act must not exceed the amount specified in regulation 14, unless approved by the Board in any particular case.

Subject to regulation 13D, the monthly income which a member may withdraw under paragraph (2) or (3) is payable to him or her until the amount retained in the member’s retirement account under section 15(6C)(a) of the Act (including any interest accruing on that amount) has been exhausted or until the member’s death, whichever is the earlier.