Singapore legislation
Regulation 8
Regulation 8
Donation by Council — “non-opting” members
Subregulation 1
As regards any person who was a member of the Fund of 1923 on the 1st January 1955, or who became a member of that Fund on or before 31st January 1955, and who has not before 31st December 1955, given notice in writing to the Council in accordance with the resolution of the Council passed at an ordinary meeting of the Council on 31st January 1955 that he wishes to avail himself of the provisions of rule 9, the Council shall at the end of each and every calendar month donate and pay to the Fund a sum equivalent in amount to the following:
for members with less than 10 years service at the date of such donation — 7.5% of salary;
for members with not less than 10 years but less than 15 years service at such date — 10% of salary;
for members with not less than 15 years but less than 20 years service at such date — 15% of salary; and
for members with not less than 20 years service at such date — 20% of salary.A proper proportion of the total sum from time to time to be donated by the Council, shall, upon such donation being made, be placed to the credit of the account of each such member with the Fund.
Subregulation 2
Subject to of section 12 of the Act and rule 11, whenever a member to whom this rule applies ceases to be a member of the Fund by reason of the happening of any one of the following events:
voluntary or enforced retirement after attaining 50 years of age;
voluntary or enforced retirement after 3 years continuous approved service with the Council;
resignation or retirement on account of incapacity for service by reason of illness;
death before he becomes entitled to any benefit under the the Singapore City Council Superannuation Fund for Subordinate Employees Rules 19543 on resignation or retirement; or3 Not published in the Gazette.(e)retirement on account of reduction or alteration in the establishment or staff of the Council,there shall be paid to such member, or in the case of his death, to his trustees or legal personal representatives, out of the Fund the whole of the amount standing at the time aforesaid to the credit of the donations part of his account with the Fund.