Singapore legislation
Clause 4
Clause 4
Pensions in respect of service as Prime Minister, Deputy Prime Minister, Speaker, Ministers and other office-holders
(1)
Subject to the provisons of this Act, a person may be granted a pension under this section, in addition to any pension that may be granted to him under section 3, in respect of his reckonable service in any office if, after the commencement of this Act, he ceases at any time to hold office and has —
not less than eight years’ reckonable service as an office-holding Member (whether continuously or not); and
attained the age of fifty years.
(2)
The annual amount of pension payable to an office-holding Member shall be —
in respect of every completed year of reckonable service in any office, or where he has served in more than one office in each office, at the rate of one-twenty-seventh (1/27) of his annual salary in that office; and
in respect of any remaining uncompleted year of reckonable service in any office, or where he has served in more than one office in each office, at the rate of one-three hundred and twenty-fourth (1/324) part of his annual salary for each completed month of reckonable service in that office:Provided that the annual pension payable to any office-holding Member shall not exceed two-thirds of the highest annual salary of any office held by him.
(3)
Subject to sections 10 and 12, a pension granted under this section shall continue for the life of the person to whom it is payable but shall not be payable in respect of any period during which he is again an office-holding Member; at the end of that period the pension shall again be payable and shall be recomputed with the addition of that period to the period of his former reckonable service as an office-holding Member.
(4)
For the purposes of subsection (2), “annual salary”, in relation to any office, means the annual equivalent of the highest monthly rate of salary (excluding any non-pensionable allowances) received by an office-holding Member during any period of reckonable service as a holder of that office.