Singapore legislation
Regulation 5
of Sultan Hussain (New Scheme for Payment of Annuity or Commuted Gratuity) Regulations
Regulation 5
Payment of commuted gratuity to estate of deceased person who has not opted under regulation 4
Amended byG.N. No. S 60/2000
Subregulation 1
Where a relevant person to whom an annuity is payable under regulation 3 dies without exercising an option under regulation 4(1), there shall be paid to the estate of the deceased person a commuted gratuity computed in accordance with paragraph (2).
Subregulation 2
Amended byG.N. No. S 60/2000
The commuted gratuity payable under paragraph (1) to the estate of a deceased relevant person shall be a lump sum equal to the net present value of the outstanding future stream of annuities payable to the deceased person under regulation 3 and discounted at such rate as the Minister may determine.