Manner of payment from amount retained in retirement account
13E.—(1)  Paragraphs (2) and (3) apply to the payment of —
(a)any monthly income or amount due to a member under regulation 12(1) or (2), 12A(2) or (3), 13(1) or (2) or 13C(1), any balance due to the member under regulation 13D(2) or any additional amount due to the member under regulation 13B(1) or (3); and
[S 343/2017 wef 01/07/2017]
[S 788/2017 wef 01/01/2018]
(b)any amount due to the member under regulation 12B.
[S 735/2016 wef 01/01/2017]
[S 788/2017 wef 01/01/2018]
(1A)  [Deleted by S 788/2017 wef 01/01/2018]
(2)  The Board may make the payments mentioned in paragraph (1) in any manner prescribed in the following sub‑paragraphs, as the Board thinks fit:
(a)payment into the member’s bank account;
(b)issuing a cheque or any other physical payment instrument to the member;
(c)crediting the member’s ordinary account;
(d)any other manner of payment applied for by the member.
[S 788/2017 wef 01/01/2018]
(3)  If the Board makes payment in accordance with paragraph (2)(c), the Board may also credit to the member’s ordinary account the whole or part of the interest that would have been payable on the amount of the payment if the payment had been credited to the member’s ordinary account on becoming payable.
[S 788/2017 wef 01/01/2018]
(4)  [Deleted by S 788/2017 wef 01/01/2018]
(5)  [Deleted by S 788/2017 wef 01/01/2018]