Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗
Establishment of Pension Fund
3.—(1) A fund called the Pension Fund is established, into which must be paid all moneys specified under section 4. (2) The Minister is responsible for the administration of the Pension Fund. (3) The Pension Fund is deemed to be a Government fund for the purposes of any other written law.
Moneys payable into Pension Fund
4.—(1) There must be paid into the Pension Fund —(a) the sums appropriated from the Consolidated Fund and authorised to be paid into the Pension Fund by any written law to enable the Pension Fund to meet the liabilities of the Pension Fund; (b) all revenues of Singapore allocated by written law to the Pension Fund; and (c) the net income from investments of moneys in the Pension Fund authorised to be made by this Act or any other written law. (2) For the purposes of subsection (1)(c), the net income from investments is the amount ascertained by adding to, or deducting from, the income received from investments of moneys in the Pension Fund any profit derived or loss sustained (as the case may be) from the realisation of the investments.
Investment
5. All moneys belonging to the Pension Fund may be deposited in a bank and may be invested in any investment authorised under section 7 of the Financial Procedure Act 1966.
Provisions on this page are reproduced verbatim from official open data. See the attribution line.
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗
Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.
The Singapore legislation on this platform is subject to copyright of the Singapore Government and is used/reproduced for the purposes of this platform with the permission of the Attorney-General's Chambers. Users of this platform may check Singapore Statutes Online for the latest version of the Singapore legislation.