Benefits of dual status eligible member under Scheme
13.—(1)  Subject to paragraphs (2) and (4) and regulation 14A, the Board must, as soon as practicable after a dual status eligible member is entitled to receive any benefit —
(a)make a cash payment to the member of an amount, rounded up to the nearest dollar, equivalent to two‑fifths of the value of all benefits which the member is entitled to receive; and
(b)credit, to the member’s ordinary account, special account or medisave account as the Minister may direct, a relevant contribution, of an amount equivalent to the difference between —
(i)the value of all benefits which the member is entitled to receive; and
(ii)the value of the cash payment under sub‑paragraph (a).
[S 889/2019 wef 01/01/2020]
(2)  Instead of making a cash payment under paragraph (1)(a), the Board may credit, to the dual status eligible member’s ordinary account, special account or medisave account as the Minister may direct, an additional relevant contribution of an amount equivalent to the value of the cash payment if —
(a)the Board has attempted to make the cash payment by issuing a cheque to the member;
(b)the Board has notified the member of the issue of the cheque; and
(c)the member fails to encash the cheque before the cheque expires.
(3)  The value of the benefits which a dual status eligible member is entitled to receive in a relevant year is the amount, rounded to the nearest dollar, determined in accordance with the formula , where —
(a)A is the amount that is applicable to the member as set out —
(i)in the Fifth Schedule if the relevant year is 2017, 2018 or 2019;
[S 1028/2022 wef 01/01/2023]
(ii)in the Eighth Schedule if the relevant year is 2020, 2021 or 2022; or
[S 1028/2022 wef 01/01/2023]
(iii)in the Eleventh Schedule if the relevant year is 2023 or any subsequent year;
[S 1028/2022 wef 01/01/2023]
(b)B is the total number of months in the relevant year in which the member has worked as an employee, a self‑employed person or both; and
(c)C is the total value of the benefits which the member received in the relevant year as an employed eligible member as set out in the Third Schedule, the Sixth Schedule or the Ninth Schedule, as the case may be.
[S 889/2019 wef 01/01/2020]
[S 1028/2022 wef 01/01/2023]
[S 1028/2022 wef 01/01/2023]
(4)  Despite paragraphs (1) and (2), where a dual status eligible member is entitled to receive any benefit in a relevant year —
(a)the Board may, in its discretion —
(i)make a cash payment, of an amount as the Minister may direct, to the member;
(ii)credit, to the member’s ordinary account, special account or medisave account as the Minister may direct, a relevant contribution, of an amount as the Minister may direct, in favour of the member; or
(iii)credit an additional relevant contribution under paragraph (2), of an amount as the Minister may direct, in favour of the member; and
(b)the amount in sub‑paragraph (a) may exceed the amount of the cash payment, relevant contribution or additional relevant contribution (as the case may be) which the member is otherwise entitled to receive in that relevant year.