2.—(1) In these Regulations, unless the context otherwise requires, “payment” means payment of moneys other than moneys standing to the credit of the payer in the Fund and “pay” shall be construed accordingly.
[S 388/2004 wef 01/07/2004]
(2) In these Regulations, a reference to the minimum sum applicable to a person shall be —
(a)
if the person has attained the age of 55 years before 1st July 1995, the minimum sum specified in the Schedule;
(b)
if the person has attained or will attain the age of 55 years on or after 1st July 1995 but before 1st July 2004, the minimum sum specified in the Second Schedule to the Central Provident Fund (Revised Minimum Sum Scheme) Regulations (Rg 2);
(c)
if the person has attained or will attain the age of 55 years on or after 1st July 2004, the minimum sum specified in the First Schedule to the Central Provident Fund (New Minimum Sum Scheme) Regulations 2004 (G.N. No. S 386/2004).
[S 388/2004 wef 01/07/2004]
(3) A reference in these Regulations to the relevant amount of any member shall be —
(a)
in the case of a member who is below 55 years of age, the total amount in cash standing to his credit in his ordinary and special accounts together with the total amount withdrawn by him under the Central Provident Fund (Investment Schemes) Regulations (Rg 9); and
(b)
in the case of a member who has attained 55 years of age, the total amount in cash standing to his credit in his ordinary, special and retirement accounts together with the total amount withdrawn by him under the Central Provident Fund (Investment Schemes) Regulations.