Singapore legislation
Regulation 3
of Sultan Hussain (New Scheme for Payment of Annuity or Commuted Gratuity) Regulations
Regulation 3
Annuity
Subregulation 1
Subject to these Regulations, every relevant person shall be granted in the financial year 1999 and every subsequent financial year until the end of financial year 2028 an annuity of an amount ascertained in accordance with the formula where Ais the amount of annuity payable to the relevant person in the financial year 1998 under the Ordinance; andBis the total amount of annuities payable to the family of the late Sultan Hussain in the financial year 1998 under the Ordinance.
Subregulation 2
The payment of the annuity under paragraph (1) shall be made to a relevant person on such date as the Minister may determine from time to time.