| Withdrawal at age of 55 years and maintenance of minimum sum by individual |
| Withdrawal at age of 55 years and maintenance of minimum sum by individual |
5.—(1) A member shall on attaining the age of 55 years, where the amount of moneys standing to his credit in the Fund (excluding the amount to be retained in the medisave account) at that time is more than 2 times the minimum sum applicable to him, transfer an amount that is equivalent to the minimum sum from the moneys standing to his credit in the Fund (excluding the amount to be retained in the medisave account) to his retirement account as maintenance of the minimum sum.
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