3.—(1) A member (being an employee at the time his eligibility to receive any benefit under the Scheme is assessed) shall be an eligible member for the purposes of Part VIA of the Act and these Regulations if he satisfies all of the following requirements:
(a)
he is a Singapore citizen, or becomes a Singapore citizen on or before 1st January in the year immediately following the relevant year;
(b)
he attains the age of 35 years on or before 31st December in the relevant year;
(c)
he was residing in a property with an annual value, on 31st December in the year immediately preceding the relevant year, not exceeding —
(i)
$10,000, if the relevant year is 2007 or 2008; or
(ii)
$11,000, if the relevant year is 2009 or any subsequent year;
[S 692/2008 wef 01/01/2009]
(d)
he has worked as an employee for a period of at least —
(i)
3 months in any 6 consecutive months in the relevant year; or
(ii)
6 months in the relevant year; and
(e)
he earned an average monthly wage of more than $50 but less than $1,500 during the period referred to in sub-paragraph (d).
(2) Where a member (being an employee at the time his eligibility to receive any benefit under the Scheme is assessed) fails to satisfy any requirement under paragraph (1), he may nevertheless be an eligible member for the purposes of Part VIA of the Act and these Regulations if the Board waives that requirement in relation to him.