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← Pension Fund Act 1995

Pension Fund Act 1995 s 6

s 6 Application of moneys in Pension Fund

6.—(1) The moneys in the Pension Fund may only be withdrawn and applied to meet any one or more of the following purposes:(a) the payment of any pension, gratuity, allowance or other like benefit granted or deemed to be granted under any provision of any written law specified in the Schedule to persons who have been in the public service in Singapore, or to their legal personal representatives or dependants, on the death, superannuation, resignation, retirement or discharge of those persons; (b) the payment of any disability pension, injury allowance, gratuity or compensation under any provision of any written law specified in the Schedule to persons who have been in the public service in Singapore, or to their legal personal representatives or dependants, in respect of injuries received in and which are attributable to that service; (c) the payment of any sum ex gratia or any pension, gratuity, allowance, compensation, subsidy or other like benefit pursuant to a prescribed superannuation scheme; (d) the payment of any gratuity on the death or retirement of persons appointed as members of the local staff of any diplomatic mission of Singapore; (e) any other expenses relating to the granting of any pension, gratuity, allowance, compensation or other like benefit which is mentioned in paragraphs (a) and (b) and expressly provided by written law to be met out of the Pension Fund. (2) The Minister may, by order in the Gazette, amend the Schedule.

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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.

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