Harbour Board Superannuation Scheme Regulations

Status:

Current version
as at 19 Apr 2024

Port of Singapore Authority Act

(Chapter 236, Section 16)

Harbour Board Superannuation Scheme Regulations

Rg 1

REVISED EDITION 1990

(25th March 1992)

[9th November 1938]

Citation

1. These Regulations may be cited as the Harbour Board Superannuation Scheme Regulations.

Definitions

2. In these Regulations, unless the context otherwise requires —

“Board” means in respect of the Port of Singapore, the Singapore Harbour Board.

“salary” means the substantive monthly salary actually drawn excluding acting, personal, house, transport, and any other allowance whatsoever and excluding bonuses and earnings from overtime, night and holiday work, if any, for those employees who have opted to remain on the preconsolidated basic salary; and, in relation to those employees whose salaries have been consolidated, the substantive monthly consolidated salary excluding all allowances, bonuses and earnings from overtime.

“Provident Fund” means the Singapore Harbour Board Provident Fund.

“employee” means a subordinate officer or employees not holding a pensionable appointment.

Board to grant payment or allowance

3. The Board may grant in its discretion to an employee or to or for the benefit of one or more of the dependants of that employee or partly to that employee and partly to or for the benefit of one or more of such dependants a payment or allowance on or after the termination of that employee’s service with the Board by reason of his death, superannuation, resignation, retirement or discharge. Any payment or allowance so granted shall not exceed such fraction of the employee’s total salary during the full period of his continuous service with the Board as is set opposite the number of years of such service in the following scale:

Completed years of continuous service

Fraction of total salary

10 years or less

30/360

31/360

32/360

33/360

34/360

35/360

36/360

37/360

38/360

39/360

40/360

41/360

42/360

43/360

44/360

25 years or over

45/360.

Provided that, except in case of death or where the employee is certified by the Board’s medical officer as incapable by reason of some infirmity of mind or body of discharging the duties of his office, no employee nor his dependants shall be eligible for any such payment or allowance unless the employee has completed 5 years continuous service and also has attained the age of 45 years.

When officer not admitted to Provident Fund

4. Where a subordinate officer or servant by reason of increase of salary becomes eligible for admission to the Provident Fund but is not admitted a member of such Provident Fund, he or any one or more of his dependants shall be eligible on or after the termination of his service with the Board by reason of his death, superannuation, resignation, retirement or discharge to a payment or allowance in the manner provided for and in accordance with the scale set out in regulation 3 in respect of the full period of his continuous service with the Board.

Offical leave

5. Leave of absence granted in accordance with the Leave Regulations of the Board shall not be reckoned as breaking or diminishing continuous service.

Computation of service as service with Board

6. For the purpose of these Regulations, service with any other company or undertaking which has been transferred to or acquired by the Board or with any body or institution whose work has been transferred to or taken over by the Board shall be reckoned as service with the Board provided that service coupled with service with the Board has been continuous throughout.

Search within Legislation