10. Section 29 of the principal Act is amended —
by deleting subsection (4) and substituting the following subsections:
by deleting the words “60 years” in subsection (5)(a) and substituting the words “65 years”; and
by inserting, immediately after subsection (5), the following subsection:
“(5A) Notwithstanding subsection (5), the Scheme shall not apply to any member who is 60 years of age or above but below 65 years of age on the date of commencement of the Central Provident Fund (Amendment) Act 2000 unless that member opts, in such manner as the Board may determine, to join the Scheme.”.