Singapore legislation
Regulation 14
of Prevention of Corruption (Occupational Superannuation Scheme) Regulations 2003
Regulation 14
Payment from Retention Account to members of 2001 Scheme
Amended byS 403/2019 wef 01/05/2019S 607/2023 wef 01/09/2023
The Board shall cause to be paid to a member of the 2001 Scheme such amount of money from his Retention Account which vests in him under regulation 18 at the following intervals:
(a)
on his completing 6 years of reckonable service;
(b)
on his completing 8 years of reckonable service;
(c)
on his completing 10 years of reckonable service;
(d)
on his completing 12 years of reckonable service.