C 10
[Subsidiary]
Benefits.
L.N. 87 of 1976.
L.N. 239 of 1982.
CAP. 279] Grant Schools Provident Fund Rules
[1982 Ed.
(4) A Government loan made under paragraph (2) shall be repaid out of the fund at such time and in such instalments as the Financial Secretary may determine.
(5) Subject to paragraph (6), the board may, at its annual general meeting, declare a supplementary dividend, subject to the approval of the Governor, by way of a percentage of the account of each contributor as at the previous 31 August, to be credited to each account from the excess available under rule 11(4).
(6) No supplementary dividend shall be declared if any Government loan made under paragraph (2) has not been repaid.
(7) In this rule, "dividend deficiency account" means the account to which the balance of the guaranteed dividend that cannot be met from the income and expenditure account and the reserve fund is debited.
13. (1) Whenever a contributor ceases to be employed as a teacher in a grant school for any of the following reasons-
(a) after 10 years continuous contributory service-
(i) he is compulsorily retired, or dismissed or his contract is terminated (on completion or otherwise), other than where he is compulsorily retired or dismissed, or his contract is terminated, on account of professional misconduct or being convicted of an offence; or
(ii) he retires voluntarily, resigns or terminates his contract (on completion or otherwise), other than where he retires voluntarily, resigns, or terminates his contract, in order to avoid compulsory retirement, dismissal, or termination of his contract, on account of professional misconduct or being convicted of an offence;
(b) on the ground of ill health, certified by a Government medical board as constituting reasonable ground for cessation of his employment;
(c) removal of a school from the list of grant schools;
(d) death,
then, subject to paragraph (3), his account shall be closed and, in accordance with rule 14, the amount standing to the credit of his account at the date of the cessation of his employment, including all Government donations and all dividends that have been declared up to and including that date, shall be paid to him or to his personal representative.
(2) Without prejudice to paragraph (1)(b), (c) and (d), whenever a contributor ceases to be employed as a teacher in a grant school after 5 years but less than 10 years continuous contributory service for the reason that-
(a) he is compulsorily retired, or dismissed or his contract is terminated (on completion or otherwise), other than where he is compulsorily retired or dismissed, or his contract is terminated, on account of professional misconduct or being convicted of an offence; or
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