On 22/05/2013,
you requested for the version in force on 22/05/2013
incorporating all amendments published on or before 22/05/2013.
The closest version currently available is that of 01/04/2008.
PART III
APPLICATION OF PENSION FUND
6.
—(1) The moneys in the Pension Fund shall only be withdrawn and applied to meet any one or more of the following purposes:
(a)
the payment of any pension, gratuity, allowance or other like benefit granted or deemed to be granted under any provision of any written law specified in the Schedule to persons who have been in the public service in Singapore, or to their legal personal representatives or dependants, on the death, superannuation, resignation, retirement or discharge of such persons;
(b)
the payment of any disability pension, injury allowance, gratuity or compensation under any provision of any written law specified in the Schedule to persons who have been in the public service in Singapore, or to their legal personal representatives or dependants, in respect of injuries received in and which are attributable to such service;
(c)
the payment of any sum ex gratia or any pension, gratuity, allowance, compensation, subsidy or other like benefit pursuant to a prescribed superannuation scheme;
(d)
the payment of any gratuity on the death or retirement of persons appointed as members of the local staff of any diplomatic mission of Singapore; and
(e)
such other expenses relating to the granting of any pension, gratuity, allowance, compensation or other like benefit which is referred to in paragraphs (a) and (b) and expressly provided by written law to be met out of the Pension Fund.
(2) The Minister may, by order published in the Gazette, amend the Schedule.
7. All expenses arising from or incidental to the administration of, and the investment and management of moneys in, the Pension Fund shall be charged on and payable out of the Fund.
8.
—(1) Where the moneys in the Pension Fund are insufficient to pay any pension, gratuity, allowance, compensation or other like benefit at the time when such payment becomes due, the deficiency shall be charged on and payable out of the Consolidated Fund.
(2) Subsection (1) shall apply only to any pension, gratuity, allowance, compensation or other like benefit in respect of persons who have been in the public service in Singapore which —
(a)
prior to 1st April 1995, was charged on the Consolidated Fund; or
(b)
is provided for under any written law enacted on or after such commencement.
9.
—(1) The Minister may by warrant under his hand authorise the transfer to the Consolidated Fund any moneys in the Pension Fund which, in the opinion of the Minister, are not required to meet the liabilities of the Pension Fund.
[12/98 wef 01/04/1998]
(2) The Minister may by warrant under his hand authorise the transfer to the SAVER-Premium Fund established under section 205B of the Singapore Armed Forces Act (Cap. 295) such moneys in the Pension Fund as the Minister may determine as the value of that part of the Pension Fund relating to all those servicemen in the Singapore Armed Forces who opted in favour of joining the SAVER Plan or Premium Plan established under section 205A of the Singapore Armed Forces Act.
[12/98 wef 01/04/1998]
[10/2000 wef 31/03/2000]
(3) The Minister may by warrant under his hand authorise the transfer to the INVEST Fund established under section 12 of the Home Affairs Uniformed Services Superannuation Act 2001 such moneys in the Pension Fund as the Minister may determine as the value of that part of the Pension Fund relating to all those public officers who opted in favour of joining the INVEST Plan established under that Act and to all public officers who opted in favour of joining the Occupational Superannuation Scheme under the Prevention of Corruption Act (Cap. 241).