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Amendments are not highlighted in legislation amended before 2012. We are working on it.
Formal Consolidation |  2002 RevEd
Withdrawal from approved bank
7.  A member who has deposited the additional sum in any account with an approved bank and who attains the retirement age of 60 or 62 years, as the case may be, is entitled to withdraw from the additional sum deposited in each account with the approved bank (until the additional sum is exhausted or the member dies, whichever is the earlier) a minimum monthly sum not below —
(a)a sum calculated in accordance with the following formula:
(b)the subsistence amount,
whichever is the higher.
Informal Consolidation | Amended S 391/2004
Withdrawal from approved bank
7.  A member who has deposited the additional sum in any account with an approved bank and who attains the retirement age of 60 or 62 years, as the case may be, is entitled to withdraw from the additional sum deposited in each account with the approved bank (until the additional sum is exhausted or the member’s death, whichever is the earlier) —
(a)if the member has attained the age of 55 years before 1st July 2004, the higher of —
(i)the sum calculated in accordance with the following formula:
(ii)the subsistence amount; or
(b)if the member has attained the age of 55 years on or after 1st July 2004, a monthly payout as determined by the Board.
[S 391/2004 wef 01/07/2004]