Withdrawal under section 57DA(1) of Act
15.—(1)  For the purposes of section 57DA(1)(b) of the Act, the Board may permit a withdrawal by a member under that section —
(a)if the contribution amount mentioned in that section is an additional relevant contribution credited to the member’s account in the Fund under regulation 11(2), 12(2) or 13(2);
(b)if the contribution amount mentioned in that section is an amount earlier withdrawn by the member under section 57DA(1) of the Act that is restored to the member’s account in the Fund under regulation 16(1); or
(c)if the member’s application under regulation 14A(1) to stop receiving benefits under the Scheme is approved by the Board.
[S 889/2019 wef 01/01/2020]
(2)  For the purposes of section 57DA(2) of the Act, the prescribed time for a member’s application to the Board under section 57DA(1) of the Act is as follows:
(a)where the application concerns an additional relevant contribution mentioned in paragraph (1)(a) — within 2 years after the date the additional relevant contribution is credited;
(b)where the application concerns an amount restored under regulation 16(1) mentioned in paragraph (1)(b) — within 2 years after the date the amount is restored to the member’s account in the Fund;
[S 889/2019 wef 01/01/2020]
(c)where the application concerns any benefit under the Scheme credited to the member’s account in the Fund before the application mentioned in paragraph (1)(c) is approved — on or before 31 December of the second year following the applicable year or relevant year (as the case may be) for which the benefit is credited.
[S 889/2019 wef 01/01/2020]
(3)  Where the Board permits the withdrawal by a member under section 57DA(1) of the Act, the Board may —
(a)retain in the member’s account in the Fund, the whole or part of any interest earned on the amount permitted to be withdrawn; or
(b)transfer to the general moneys of the Fund, the whole or part of any interest earned on the amount permitted to be withdrawn.