C 12
[Subsidiary]
L.N. 239 82.
L.N. 239 82.
(L.N. 239 82.) (*24.6.82.)
Payments out.
G.N.A. 85 $5.
L.N. 239 81.
39 of 1961, s. 1. L.N. 239 82.
Accounts.
G.N.A. 116 61.
CAP. 279] Grant Schools Provident Fund Rules
[1982 Ed.
(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 Grant Schools Provident Fund (Amendment) Rules 1982, ceased to be employed as a teacher in a grant 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.
(*)
14. (1) Payments due to contributors under these rules shall be certified by the secretary and treasurer, and cheques in respect thereof and in respect of all disbursements by the fund shall be signed by the chairman and treasurer or, in the event of the chairman being absent from the Colony or for any reason unable to sign cheques, by the vice-chairman and the treasurer.
(2) Where a contributor's account has been closed under rule 13, no dividend shall be carried thereto under rule 12, and if after notice has been published in the Gazette no lawful claim is made within 3 years from 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 in accordance with the provisions of rule 13 on or after 31 August in any 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.
15. (1) The treasurer shall cause proper accounts to be kept of all transactions of the fund and shall cause to be prepared for every period of 12 months ending 31 August in each year a statement of the accounts of the fund, which statement shall include an income and expenditure account and a balance sheet and shall be signed by the chairman and the treasurer.
C 12
[Subsidiary]
L.N. 239 82.
L.N. 239 82.
(L.N. 239 82.1 (*24.6.82.)
Payments out.
G.N.A. 85 $5.
L.N. 239 81.
39 of 1961, s. 1. L.N. 239 82.
Accounts.
G.N.A. 116 61.
CAP. 279] Grant Schools Provident Fund Rules
[1982 Ed.
(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 contribu- tory 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 be- ginning on 1 September 1980 and ending immediately before the commencement* of the Grant Schools Provident Fund (Amend- ment) Rules 1982, ceased to be employed as a teacher in a grant 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.
(*)
14. (1) Payments due to contributors under these rules shall be certified by the secretary and treasurer, and cheques in respect thereof and in respect of all disbursements by the fund shall be signed by the chairman and treasurer or, in the event of the chairman being absent from the Colony or for any reason unable to sign cheques, by the vice chairman and the treasurer.
(2) Where a contributor's account has been closed under rule 13, no dividend shall be carried thereto under rule 12, and if after notice has been published in the Gazette no lawful claim is made within 3 years from 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 in accordance with the provisions of rule 13 on or after 31 August in any 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.
15. (1) The treasurer shall cause proper accounts to be kept of all transactions of the fund and shall cause to be prepared for every period of 12 months ending 31 August in each year a statement of the accounts of the fund, which statement shall include an income and expenditure account and a balance sheet and shall be signed by the chairman and the treasurer.
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