Payment from moneys transferred or paid to retirement account or deposited with approved bank
10B.—(1) Where any person has attained the age of 55 years on or after 1st January 1987, any moneys transferred or paid to his retirement account under section 18(1)( a), (b) or (c) of the Act which stand to his credit in his retirement account or which have been deposited with an approved bank under regulation 10A(1)( a), including any accrued interest, may be withdrawn by him in accordance with such of the following regulations as may be applicable to him:
(a)
the Central Provident Fund (Minimum Sum Scheme) Regulations (Rg 16);
(b)
the Central Provident Fund (Revised Minimum Sum Scheme) Regulations (Rg 2);
(c)
the Central Provident Fund (New Minimum Sum Scheme) Regulations (Rg 31).
(2) Where any person has attained the age of 55 years before 1st January 1987, any moneys transferred or paid to his retirement account under section 18(1)(a), (b) or (c) of the Act which stand to his credit in his retirement account or which have been deposited with an approved bank under regulation 10A(1)(a), including any accrued interest, may be withdrawn by him in accordance with paragraph (3).
(3) The amount which a person referred to in paragraph (2) shall be entitled to withdraw each month shall be —