Singapore legislation
Regulation 3
of University of Singapore Academic Staff Provident Fund (Merger) Rules
Regulation 3
Subregulation 1
The old fund shall on 14th August 1970 be dissolved and merge in the new fund.
Subregulation 2
From and after the dissolution of the old fund and the merging of the old fund in the new fund, no member or contributor of the old fund shall have any claim upon the old fund otherwise than under the rules of the new fund:Provided that nothing in this paragraph shall be deemed to prejudice or affect the rights of any member or contributor to any payment out of the old fund already accrued due immediately before such dissolution and merger.
Subregulation 3
The University shall, out of the old fund paid and transferred to it under rule 4, satisfy all such rights against the old fund as are expressly saved by the proviso to paragraph (2) and shall fulfil and perform all duties and obligations in respect of the old fund which ought to have been fulfilled or performed by the University and which remained unfulfilled or unperformed at the date of the dissolution and merger of the old fund.