How many regulations does Parliamentary Pensions (Commuted Pension Gratuity) Regulations have?

Parliamentary Pensions (Commuted Pension Gratuity) Regulations contains 4 regulations.

/akn/sg/act/sub_leg/1978/PPA-RG2

Parliamentary Pensions (Commuted Pension Gratuity) Regulations

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Type: Subsidiary Legislation
Status: In force
Enacted: 1978
Sections: 4

Quick answer

About this subsidiary legislation

Parliamentary Pensions (Commuted Pension Gratuity) Regulations is Singapore Subsidiary Legislation, cited as Subsidiary Legislation PPA-RG2 1978, currently marked in force and first recorded in 1978.

Regulation 1

Citation

These Regulations may be cited as the Parliamentary Pensions (Commuted Pension Gratuity) Regulations.

Regulation 2

Commutation factor

For the purposes of the Act, the prescribed commutation factor shall be 175.14.

Regulation 3

Discount rate

For the purposes of the Act, the prescribed discount rate shall be 5%.

Regulation 4

Payment of commuted pension gratuity

Subregulation 1

Where a person has opted in accordance with section 7 of the Act to receive a commuted pension gratuity without any pension, the commuted pension gratuity shall be payable as follows:

(a)

where the person is in receipt of a pension under the Act, the entire commuted pension gratuity shall be paid to the person; or

(b)

in any other case, part of the commuted pension gratuity, being a sum equal to the difference between —

(i)

the total amount paid by the Government to the Central Provident Fund on account of the person with respect to his period of reckonable service as a Member and as a holder of any office; and

(ii)

the total amount payable by the Government to the Central Provident Fund on account of that person with respect to the same period of reckonable service if he had been a future Member,together with the interest thereon, shall be paid to the person’s account in the Central Provident Fund, and the balance of the commuted pension gratuity shall be paid to the person, except that where the commuted pension gratuity is less than the sum difference referred to in this sub-paragraph, the entire commuted pension gratuity shall be paid to the person’s account in the Central Provident Fund.

Subregulation 2

For the purposes of paragraph (1)(b), the reference to the total amount paid or payable by the Government to the Central Provident Fund in respect of any person shall not include reference to any amount thereof which is recoverable from the person’s salary pursuant to the Central Provident Fund Act [Cap. 36] or any regulations made thereunder.

Common questions

What is Parliamentary Pensions (Commuted Pension Gratuity) Regulations?: Parliamentary Pensions (Commuted Pension Gratuity) Regulations is Singapore Subsidiary Legislation, cited as Subsidiary Legislation PPA-RG2 1978, currently marked in force and first recorded in 1978.
Is Parliamentary Pensions (Commuted Pension Gratuity) Regulations still in force?: Yes — Parliamentary Pensions (Commuted Pension Gratuity) Regulations is currently in force.
When did Parliamentary Pensions (Commuted Pension Gratuity) Regulations take effect?: Parliamentary Pensions (Commuted Pension Gratuity) Regulations was first recorded in 1978.
How many regulations does Parliamentary Pensions (Commuted Pension Gratuity) Regulations have?: Parliamentary Pensions (Commuted Pension Gratuity) Regulations contains 4 regulations.
Where can I read the official version of Parliamentary Pensions (Commuted Pension Gratuity) Regulations?: The official text of Parliamentary Pensions (Commuted Pension Gratuity) Regulations is published at sso.agc.gov.sg.