5.—(1) When an employed eligible member is entitled to receive any benefit, the Board shall —
(a)
make a cash payment to him of an amount (rounded up to the nearest dollar) equivalent to two-sevenths of the value of all benefits which he is then entitled to receive; and
(b)
credit a relevant contribution, of an amount equivalent to the difference between the value of all benefits which he is then entitled to receive and the value of the cash payment under sub-paragraph (a), to such of his ordinary account, special account and medisave account as the Minister may direct.
(2) The total value of all benefits which an employed eligible member is entitled to receive in any relevant year shall be —
(a)
as set out in the First Schedule, if he satisfies the requirement under regulation 3(1)(d)(ii); or
(b)
as set out in the Second Schedule, if he satisfies the requirement under regulation 3(1)(d)(i) but fails to satisfy the requirement under regulation 3(1)(d)(ii).
(3) Subject to paragraph (4), an employed eligible member shall receive the benefits to which he is entitled in any relevant year as soon as practicable in the year immediately following the relevant year.
(4) An employed eligible member may receive a provisional payment or credit of part of the benefits to which he is entitled in any relevant year before the end of the relevant year, and the remainder of the benefits to which he is entitled in the relevant year as soon as practicable in the year immediately following the relevant year, if he —
(a)
is a Singapore citizen, or becomes a Singapore citizen on or before 1st July in the relevant year; and
(b)
has worked as an employee for a period of at least 3 months in the first 6 months of the relevant year.
(5) The value of the benefits which an employed eligible member is entitled to receive provisionally in any relevant year shall be as set out in the Second Schedule.