Employees Provident Fund Act 1991 s 55

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s 55 Periodical payments in lieu of lump sum payment

(1) Notwithstanding subsection 54(1), a member of the Fund who has attained the age of fifty-five years may— (a) apply to withdraw the amount standing to his credit in periodical payments in lieu of a lump sum payment; or (b) apply to withdraw only the dividend on the amount standing to his credit in lieu of a lump sum payment, and the Board may, subject to any rules made under this section, authorize the withdrawal. (2) Where the Board has authorized a withdrawal under paragraph (1)(a), the member of the Fund shall be precluded from withdrawing the amount standing to his credit under paragraph 54(1)(b).

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Find Act 452 on lom.agc.gov.my ↗

Text as at 1 January 2006 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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