5.—(1) Subject to paragraph (1A), 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.
(1A) Where the Board has attempted to make a cash payment to an employed eligible member under paragraph (1)(a) by issuing a cheque to the member, the Board has notified the member of the issue of the cheque, and the member fails to encash the cheque before the cheque expires —
(a)
the Board may, in lieu of making the cash payment, credit an additional relevant contribution, of an amount equivalent to the value of the cash payment, to such of the member’s ordinary account, special account and medisave account as the Minister may direct; and
(b)
if the Board credits the additional relevant contribution in accordance with sub-paragraph (a), the member shall cease to be entitled under paragraph (1)(a) to the cash payment.
[S 351/2010 wef 30/06/2010]
(2) The total value of all benefits which an employed eligible member is entitled to receive in any relevant year shall be —
(a)
where he satisfies the requirement under regulation 3(1)(d)(ii), as set out in —
(i)
the table under paragraph 1 of the First Schedule, if the relevant year is 2007, 2008 or 2009; or
(ii)
the table under paragraph 2 of the First Schedule, if the relevant year is 2010 or any subsequent year; or
[S 351/2010 wef 30/06/2010]
(b)
where he satisfies the requirement under regulation 3(1)(d)(i) but fails to satisfy the requirement under regulation 3(1)(d)(ii), as set out in —
(i)
the table under paragraph 1 of the Second Schedule, if the relevant year is 2007, 2008 or 2009; or
(ii)
the table under paragraph 2 of the Second Schedule, if the relevant year is 2010 or any subsequent year.
[S 351/2010 wef 30/06/2010]
(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 —
(i)
1st July in the relevant year, if the relevant year is 2007, 2008 or 2009; or
(ii)
30th June in the relevant year, if the relevant year is 2010 or any subsequent year; and
[S 351/2010 wef 30/06/2010]
(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 —
(a)
the table under paragraph 1 of the Second Schedule, if the relevant year is 2007, 2008 or 2009; or
(b)
the table under paragraph 2 of the Second Schedule, if the relevant year is 2010 or any subsequent year.
[S 351/2010 wef 30/06/2010]
(6) Notwithstanding paragraph (2), where the value of the benefits which an employed eligible member has received provisionally in any relevant year (being 2010 or any subsequent year) exceeds the total value of all benefits which he is entitled to receive in that relevant year, the Board shall not be required to recover, on behalf of the Government, the excess benefits from the member.
[S 351/2010 wef 30/06/2010]
(7) Notwithstanding paragraphs (1), (1A), (2), (4) and (5), where an employed eligible member is entitled in any relevant year (being 2010 or any subsequent year) to receive any benefit —
(a)
the Board may, in its discretion, make a cash payment under paragraph (1)(a), credit a relevant contribution under paragraph (1)(b) or in accordance with paragraph (1A), or make a provisional payment or credit under paragraph (4), in favour of the member, of such amount as the Minister may direct (being an amount which exceeds the amount of the cash payment, relevant contribution or provisional payment or credit, as the case may be, which the member is otherwise entitled to receive in that relevant year); and
(b)
the member shall be entitled to retain the full amount of the cash payment, relevant contribution or provisional payment or credit, as the case may be, made or credited by the Board.