1982 Ed.] Subsidized Schools Provident Fund Rules [CAP. 279
(3) On the application of a contributor who has ceased to make the contributions required under rule 8, the Director may, except-
(a) where, after 10 years continuous contributory service, the contributor is compulsorily retired; or
(b) in any case to which paragraph (2A)(b) applies,
direct, subject to such terms and conditions as he thinks fit, that the contributor's account be kept open, but in that event the period during which the contributor's account is kept open pursuant to this paragraph shall not be taken into account as continuous contributory service.
(4) In the calculation of continuous contributory service for the purposes of this rule, where a contributor commenced his service on a day in a month other than the first day of that month, he shall be deemed to have commenced his service on the first day of that month.
(5) A contributor who, at any time during the period beginning on 1 September 1980 and ending immediately before the commencement* of the Subsidized Schools Provident Fund (Amendment) Rules 1982, ceased to be employed as a teacher in a subsidized school and became entitled to be paid an amount ("the former benefit") under the provisions of this rule in force at that time, shall be entitled to be paid out of the Fund, in addition to the former benefit, an amount equal to the difference between the former benefit and the amount which would have been payable to him under this rule if those Rules had been in force at that time.
(6)
14. (1) Payments due to contributors in accordance with these rules shall be certified by the secretary and by the treasurer; and cheques drawn in respect thereof, and in respect of any other disbursements from the Fund, shall be signed by the Chairman of the Board and by the treasurer or, if the Chairman is absent from the Colony or for other reason is unable to sign, by the Vice-Chairman and by the treasurer.
(2) Where a contributor's account has been closed in accordance with rule 13, no dividend shall be carried thereto in accordance with rule 12, and if after notice has been published in the Gazette no lawful claim is made within 3 years after the date on which the account was closed, the amount standing to the credit of the account shall be transferred to the credit of the reserve fund.
(3) Notwithstanding the provisions of paragraph (2), the amount of any dividend declared in accordance with the provisions of rule 12 in respect of an account which was closed at or after the end of any financial year and before the next following annual general meeting of the Board shall be paid to the person entitled to payment of the sum standing to the credit of such account.
D 13
[Subsidiary]
L.N. 240/82.
L.N. 240/82.
L.N. 240/82.
(L.N. 240/82.) (*24.6.82]
Payments out.
L.N. 240/82.
L.N. 240/82.