Singapore legislation
Regulation 9
Regulation 9
Donation — “opting” and new members
Subregulation 1
The Accountant-General shall from time to time but not less frequently than once in every 5 years calculate or cause to be calculated the accruing liability of the Fund for the amounts payable to members of the Fund under this rule and the Council shall pay into the Fund by monthly instalments such amount as may be required to liquidate the aforesaid liability over a period not exceeding 35 years.The amounts payable into the Fund by the Council in accordance with rule 8 shall be charged as accurately as may be to the same account or accounts of the Council as the salaries of the members in respect of which such amounts arise are charged.
Subregulation 2
Where the Council has made contributions to the Employees Provident Fund established under the Employees Provident Fund Ordinance 1951 of Malaysia in respect of a member, the Council may deduct from the amount payable into the Fund under paragraph (1) an amount equivalent to the total contributions made by the Council to the Employees Provident Fund. [M. Ord.]
Subregulation 3
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 on or before 31st December 1955 has 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 this rule; and
any person who becomes a member of the Fund on or after the 1st February 1955,the donation payable to him, or, in the case of his death, to his trustees or legal personal representatives, on his ceasing to be a member of the Fund shall, subject to section 12(5) of the Act, be calculated in accordance with the following formula:
Subregulation 4
Table A of the First Schedule shall be applied to any member who ceases to be a member by reason of —
attaining the age of 55 years while still in the service of the Council;
retirement from the service of the Council with the consent of the Council after attaining the age of 50 years;
death or being medically boarded out of the service of the Council after attaining the age of 50 years;
death or being medically boarded out of the service of the Council after 20 years continuous service; or
the abolition of his office without the offer of an alternative office of equivalent value.
Subregulation 5
Table B of the First Schedule shall be applied to any member who ceases to be a member for any reason not specified in paragraph (4) except resignation or retirement after less than 3 years continuous service in which case no donations shall be payable.
Subregulation 6
In the case of a person who has ceased to be a member of the Fund and who subsequently rejoins as a member of the Fund the previous period or periods of service of that person shall not be counted for the purpose of calculating the donations payable to him when he again ceases to be a member of the Fund.
Subregulation 7
This rule shall not apply to a member of the Fund who has exercised in writing the option under section 6(d) of the Pensions Act [Cap. 225], to relinquish all rights under these Rules, and the member shall, on his exercising such option, cease to be a member of the Fund.
Subregulation 8
Where the Council has made contributions to the Employees Provident Fund established under the Employees Provident Fund Ordinance 1951 of Malaysia in respect of a member, the Council may deduct from the donation payable to the member, or, in the case of his death, to his trustees or legal personal representatives, on his ceasing to be a member, the amount of the contributions to the Employees Provident Fund and the interest which has accrued to the contributions at the date the member ceases to be a member of the Fund. [M. Ord.]