Transfer of moneys to general moneys of Fund under section 13(7A)(a) of Act where member has died
10.—(1) Where the Board is notified on or after 1 April 2022 that a member has died, the Board may transfer any moneys standing in the member’s account in the Fund (other than a nominee account, if any) to the general moneys of the Fund if at least 6 months have passed after the date on which the Board receives the notification.
(2) Where the Board is notified before 1 April 2022 that a member has died, the Board may transfer any moneys standing in the member’s account in the Fund (other than a nominee account, if any) to the general moneys of the Fund —
(a)
in the case where the member died before 1 November 2015 — if at least 7 years have passed after the date of the member’s death; or
(b)
in the case where the member died between 1 November 2015 and 31 March 2022 (both dates inclusive) — after 1 November 2022.