Payments out.
(d) upon a school ceasing to be subsidized school: or (e) death of the contributor,
bis account shall, subject to the provisions of paragraph (3), be closed and there shall be paid out to him, or to his estate, under rule 14 the sum standing to his credit including all Government donations and dividends which may have been declared up to and including the date upon which his employment in a subsidized school terminated.
(2) Whenever a contributor-
(a) relires or resigns from a subsidized school, otherwise than upon appointment to another subsidized school or to a great school, after less than ten years continuous contributory service except for any reason specified in paragraph (1), or (b) is dismissed, or resigns in order to avoid diemissal, from service in a subsidized school on account of conviction of a criminal offence, misconduct or bankruptcy.
his account shall be closed, and there shall be paid out to him in accord- sace with rule 14 a sum equal to the total amount contributed by him up to the date of his retirement, resignation or dismissal together with any dividends declared to that contribution and less any sums debited Thereto.
(3) Notwithstanding anything contained in this rule, the Director may, except in any case to which sub-paragraph (8) of paragraph (1) applies, in his discretion and subject to such terms and conditions as be may think fit, direct upon the application of any contributor that such contributor's account shall not be closed in accordance with the provisions of this rule and payment made to him in accordance with the provisions of rule 14 but that such contributor's account shall be kept open notwithstanding that such contributor ceases to contribute thereto in accordance with the provisions of rule 8 and Government ceases to donate thereto in accordance with the provisions of rule 9:
Provided that no period during which such contributor's account is kept open pursuant to the provisions of this paragraph shall be reckoned towards completion by him of the qualifying period of ten years cou- tinuous contributory service except where such contributor ceases to draw basic salary in a subsidized school only by reason of study leave, sick leave or maternity leave approved by the Director.
(4) For the purposes of this rule, where any contributor commences contributory service on a day other than the first day of any month, such contributor shall be deemed to have completed ten years contributory service on the last day of the month immediately preceding the expira- tion of ten years.
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
I T
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 or debit shall be carried thereto in accordance with rule 12, and if after notice has been published in the Gazette no Bawful claim is made within three 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 and the amount of any debit sum due out of such account may be deducted from the balance standing to the credit of such accouor or may be recovered from such person up
the limit of the amount paid to him out of such account.
15. (1) In any case in which a teacher employed in a subsidized Transfer of school after the commencement of these rules terminates his employment teachers
from iq such subsidized school and commences employment in a grant school, subsidized without break in teaching service otherwise than such break as the schools to Director may approve, such teacher shall have the option, on applica- schools and don to the Board, of-
(a) having his account closed in accordance with the provisions of rule 13 and receiving payment in accordance with the provisions of rule 14; or
(6) having his account kept open in accordance with the provisions
of paragraph (3) of rule 13; or
(c) having his account transferred to the Grant Schools Provident
Fund.
(2) In any case in which after the commencement of these rules a contributory teacher's employment in a grant school is terminated and his account in the Grant Schools Provident Fund is transferred to the Subsidized Schools Provident Fund, the treasurer shall open a contribu- tor's account in the Subsidized Schools Provident Fund in such teacher's name and shall credit thereto the account so transferred; and such teacher shall for all purposes thereafter be deemed to have been a contributor to the Subsidized Schools Provident Fund with effect from the commencement of his continuous contributory service within the meaning of the Grant Schools Provident Fund Rules, 1952,
(3) For the purpose of this rule, the expression "without break in teaching service" means continuity of teaching employment in either a subsidized school or a grant school, as the case may be, subject only
apt
vice versa.