Comparison View

Formal Consolidation |  Amended S 394/2009
Payment of premium for annuity plan under Scheme
18A.—(1)  Where the Board has permitted a member referred to in section 27K(3) of the Act to join the Scheme, the Board shall, on the application of the member, deduct the premium payable by the member for an annuity plan under the Scheme from —
(a)the whole or any part of the amount referred to in section 15(6C)(b) of the Act and any top-up made to meet the shortfall under regulation 8 or under the Central Provident Fund (Minimum Sum Topping-Up Scheme) Regulations (Rg 3); and
(b)where the premium for the annuity plan exceeds that amount, any interest accrued on that amount.
(2)  Where a relevant member desires to be issued with an additional annuity plan under the Scheme, the Board shall, on the application of the member, deduct the premium payable by the member for the additional annuity plan from —
(a)the whole or any part of the amount referred to in section 15(6C)(b) of the Act and any top-up made to meet the shortfall under regulation 8 or under the Central Provident Fund (Minimum Sum Topping-Up Scheme) Regulations; and
(b)where the premium for the additional annuity plan exceeds that amount, any interest accrued on that amount.
[S 394/2009 wef 01/09/2009]
Informal Consolidation | Amended S 190/2016
Payment of premium for annuity plan under Scheme
18A.—(1)  Where the Board has permitted a member referred to in section 27K(5) of the Act to join the Scheme, the Board shall, on the application of the member, deduct the premium payable by the member for an annuity plan under the Scheme from —
(a)the whole or any part of the amount referred to in section 15(6C)(b) of the Act and any top-up made to meet the shortfall under regulation 8 or under the Central Provident Fund (Minimum Sum Topping-Up Scheme) Regulations (Rg 3); and
(b)where the premium for the annuity plan exceeds that amount, any interest accrued on that amount.
[S 190/2016 wef 01/05/2016]
(2)  Where a relevant member desires to be issued with an additional annuity plan under the Scheme, the Board shall, on the application of the member, deduct the premium payable by the member for the additional annuity plan from —
(a)the whole or any part of the amount referred to in section 15(6C)(b) of the Act and any top-up made to meet the shortfall under regulation 8 or under the Central Provident Fund (Minimum Sum Topping-Up Scheme) Regulations; and
(b)where the premium for the additional annuity plan exceeds that amount, any interest accrued on that amount.
[S 394/2009 wef 01/09/2009]