Singapore legislation
Regulation 4
of Education Service Incentive Payment (CONNECT Fund) Rules 2002
Regulation 4
Member’s accounts in Contribution Account
Subregulation 1
There must also be maintained subsidiary accounts (each known as a member’s account) within the Contribution Account in respect of each member.
Subregulation 2
All contributions prescribed by the Education Service Incentive Payment (CONNECT Plan) Regulations 2002 in respect of a member must be credited to the member’s account for that member and retained therein until the amounts therein are awarded in accordance with those Regulations.