1988 Ed.]
Employment
[CAP. 57
43
the long service payment shall be reduced by the total sum of the amounts of all the gratuities or provident fund payments, as the case may be, paid to that employee in respect of any or all of the years of service in respect of which that long service payment is payable.
For the purposes of subsection (1), any reference therein to a provident fund payment shall not include that part, if any, of the payment which represents a return of an employee's own contributions, including any sum payable in respect of interest thereon. (Amended, 52 of 1988, s. 9)
retirement scheme
Gratuities or provident fund payment on death of employee
31YA. (1) Subject to subsection (2), where an employee dies and-
(a) by virtue of this Part, a person is entitled to a long service payment;
and
(b) by virtue of—
(i) the terms of the employee's contract of employment, a gratuity based upon length of service; or
(ii) a provident fund scheme or arrangement, any payment thereunder,
is payable upon termination of employment,
the total sum of the amounts of all the gratuities or provident fund payments, as the case may be, in relation to the years of service in respect of which that long service payment is payable may be reduced by the total amount of the long service payment.
(2) For the purposes of subsection (1), any reference therein to a provident fund payment shall not include that part, if any, of the payment which represents a return of an employee's own contributions, including any sum payable in respect of interest thereon.
Change of ownership of business
31Z. (1) This section shall have effect where-
(Added, 52 of 1988, s. 10)
(a) a change occurs (whether by virtue of a sale or other disposition or by operation of law) in the ownership of a business for the purposes of which a person is employed, or of a part of such a business; and
(b) in connection with that change the person by whom the employee is employed immediately before the change occurs (in this section referred to as "the previous owner") terminates the employee's contract in accordance with section 6 or 7.
(2) If, by agreement with the employee, the person who immediately after the change occurs is the owner of the business or of the part of the business in question, as the case may be, (in this section referred to as "the new owner") renews the employee's contract of employment (with the substitution of the new owner for the previous owner) or re-engages him under a new contract of employment, section 31T(2) shall have effect as if the renewal or re-engagement had been a renewal or re-engagement by the previous owner (without any substitution of the new owner for the previous owner).
1988 Ed.]
Employment
[CAP. 57
43
net
the long service payment shall be reduced by the total sum of the amounts of all the gratuities or provident hind payments, as the case may be, paid to that employee in respect of any or all of the years of service in respect of which that long service payment is payable.
For the purposes of subsection (1), any reference therein to a pro- vident fund payment shall not include that part, if any, of the payment which represents a return of an employee's own contributions, including any sum payable in respect of interest thereon. (Amended, 52 of 1988, s. 9)
retrement scheme
Gratuities or provident fund payment on death of employee
31YA. (1) Subject to subsection (2), where an employee dies and- (a) by virtue of this Part, a person is entitled to a long service payment;
and
(b) by virtue of—
(i) the terms of the employee's contract of employment, a gratuity based upon length of service; or
(ii) a provident fund scheme or arrangement, any payment there- under,
retirement scheme
41/90815
is payable upon termination of employment,
retirement Scheme the total sum of the amounts of all the gratuities or provident Fund payments, as the case may be, in relation to the years of service in respect of which that long service payment is payable may be reduced by the total amount of the long service payment.
etivement scheme
(2) For the purposes of subsection (1), any reference therein to a pre- vident fund payment shall not include that part, if any, of the payment which represents a return of an employee's own contributions, including any sum payable in respect of interest thereon.
Change of ownership of business
31Z. (1) This section shall have effect where-
( Added, 52 of 1988, s. 10)
(a) a change occurs (whether by virtue of a sale or other disposition or by operation of law) in the ownership of a business for the purposes of which a person is employed, or of a part of such a business; and (b) in connection with that change the person by whom the employee is employed immediately before the change occurs (in this section referred to as "the previous owner") terminates the employee's con- tract in accordance with section 6 or 7.
(2) If, by agreement with the employee, the person who immediately after the change occurs is the owner of the business or of the part of the business in question, as the case may be, (in this section referred to as "the new owner") renews the employee's contract of employment (with the substitution of the new owner for the previous owner) or re-engages him under a new contract of employment, section 31T(2) shall have effect as if the renewal or re-engagement had been a renewal or re-engagement by the previous owner (without any substitution of the new owner for the previous owner).
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