Singapore legislation
Clause 8
Clause 8
Deficiencies
(1)
Where the moneys in the Pension Fund are insufficient to pay any pension, gratuity, allowance, compensation or other like benefit at the time when such payment becomes due, the deficiency shall be charged on and payable out of the Consolidated Fund.
(2)
Subsection (1) shall apply 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 —
(a)
prior to the commencement of this Act, was charged on the Consolidated Fund; or
(b)
is provided for under any written law enacted on or after such commencement.