Transfer to ordinary account of moneys credited or refunded to retirement account in excess of retirement sum
8C.—(1)  This regulation applies where —
(a)a member’s moneys in the retirement account is transferred —
(i)to the retirement account of a relevant individual under section 18(1)(a) or (2)(a) of the Act; or
(ii)to the special account of a relevant individual under section 18(3)(a) of the Act; and
(b)the transferred amount in sub-paragraph (a), or the balance of that amount, is then —
(i)credited to the member’s retirement account under section 19(2) or 19A(2) of the Act as in force immediately before 1 April 2022; or
[S 282/2022 wef 01/04/2022]
(ii)refunded to the member’s retirement account under section 19(1) of the Act as in force on or after 1 April 2022 or section 19D(2) or (7)(a) of the Act.
[S 282/2022 wef 01/04/2022]
[S 1019/2021 wef 01/01/2022]
(2)  The Board must, immediately after the amount in paragraph (1)(b) is credited or refunded, transfer the credited or refunded amount to the member’s ordinary account.
[S 1019/2021 wef 01/01/2022]
[S 735/2016 wef 01/01/2017]
[S 1019/2021 wef 01/01/2022]
[S 282/2022 wef 01/04/2022]