Additional payment from amount deposited with approved bank or retained in retirement account
13B.—(1)  A member who is entitled to receive payment under regulation 12(1) or (3), 12A or 13 may apply to the Board, in such manner as the Board may require, to be paid an additional amount monthly from the member’s balance, which starts on or after the later of the following dates:
(a)a date (specified by the Board) that falls in the month in which the member attains 60 years of age;
(b)the date on which the Board approves the application.
[S 591/2018 wef 01/10/2018]
(2)  If the Board approves a member’s application under paragraph (1), the Board may —
(a)impose terms and conditions; and
(b)subject to regulation 13D, pay the member, in accordance with paragraph (1)(a) and (b), such amounts as the Board may determine.
(3)  The Board may, starting on or after a date (specified by the Board) that falls in the month in which a member attains 60 years of age, pay to the member monthly such additional amounts from the member’s balance as the Board may determine.
[S 591/2018 wef 01/10/2018]
[S 343/2017 wef 01/07/2017]