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Board to recover from members’ salaries

Public Utilities Board (Provident Fund) Rules

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—(1) In respect of every month the Board shall be entitled to recover from the salary payable to each member employed by the Board —(a)the employee’s statutory contribution under the Central Provident Fund Act [Cap. 36] which shall be paid to the Central Provident Fund Board; and (b)the difference, if any, which when added to the employee’s statutory contribution is equal to 7½% of the salary of that member which sum shall be paid to the Treasurer of the Committee as his contribution to the Fund:Provided that if the sum recovered under sub-paragraph (a) is in excess of 7½% of the salary of that member then no contribution shall be made to the Fund by the member:And provided that where a member is in receipt of a salary of not more than $200 per month the member shall not be required to make any contribution to the Fund and no deduction shall be made under this rule by the Board.(2) Where a member is in arrears in respect of his contribution to the Fund during his service with the Board prior to 29th May 1969 he may elect to pay the arrears, which shall be calculated in accordance with paragraph (1), to the Fund. The arrears shall be paid within a period not exceeding 30 months and shall be credited to a separate account of the member to be called the “Arrears of Contributions Account”. When the arrears have been fully paid, the amount shall be transferred, on 2nd January in the year following the date of the last payment of the arrears, to the member’s Contributions Account, and the Board shall pay into the Donations Account on the same date an amount calculated in accordance with rule 9, in respect of the period for which the member has paid such arrears under this paragraph.

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