Pension Fund Act 1995 · 2020 Revised Edition · Part 3 · Application of Pension Fund
8. Deficiencies
Feedback & supportWhere the moneys in the Pension Fund are insufficient to pay any pension, gratuity, allowance, compensation or other like benefit at the time when the payment becomes due, the deficiency is charged on and payable out of the Consolidated Fund.
Subsection (1) applies only to any pension, gratuity, allowance, compensation or other like benefit in respect of persons who have been in the public service in Singapore which —
public service
“public service” means service, whether in a civil or military capacity, under the Government of Singapore and includes —(a)service as a Member of the Legislative Assembly or Parliament (including an office‑holding Member);(b)service as a member of the Special Constabulary constituted by the Police Force Act 2004;(c)service as a volunteer in the Singapore Armed Forces or the Singapore Civil Defence Force; and(d)any other service that has been determined to be public service for the purposes of the Pensions Act 1956;
prior to 1 April 1995, was charged on the Consolidated Fund; or
is provided for under any written law enacted on or after 1 April 1995.