| Death of member |
| 16. Where a member has deposited the amount referred to in section 15(6C)(b) of the Act with an approved bank or has purchased an approved annuity with an insurer, upon the death of the member, that amount or any balance thereof or the amount representing the residual value of his approved annuity purchased with the minimum sum shall be transferred to his account in the Fund to be dealt with in accordance with law. [S 396/2009 wef 01/09/2009] |