National Retirement Scheme Act · s 9

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9.
Membership of Scheme
(1) On the date of commencement of this Act, any employee and member in an ordinary account or a SCP account in respect of whom this Act applies shall —

National Retirement Scheme
(a) cease to be a member under the Employee Trust Act
(Chapter 167) or Supplemental Contributory Pensions Trust Order,
2009 (S 58/2009) at such period as the Board may determine and shall cease to accrue benefits thereunder; and
(b) become a member of the Scheme.
(2) On the date of commencement of this Act, any amount standing to the credit of the members in an ordinary account and a SCP account shall be transferred to —
(a) a member account —
(i) member’s principal contributions;
(ii) member’s and employer’s voluntary contributions; and
(iii) self-employed person’s contributions; or
(b) a retirement account —
(i) employer’s principal contributions;
(ii) self-employed person’s contributions; and
(iii) Government’s contributions under sections 8(10), 9(4)
and 18 of the Supplemental Contributory Pensions
Trust Order, 2009 (S 58/2009).

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s 9Membership of Scheme

(1)

On the date of commencement of this Act, any employee and member in an ordinary account or a SCP account in respect of whom this Act applies shall —

National Retirement Scheme

(a)

cease to be a member under the Employee Trust Act

(Chapter 167) or Supplemental Contributory Pensions Trust Order,

2009 (S 58/2009) at such period as the Board may determine and shall cease to accrue benefits thereunder; and

(b)

become a member of the Scheme.

(2)

On the date of commencement of this Act, any amount standing to the credit of the members in an ordinary account and a SCP account shall be transferred to —

(a)

a member account —

(i)

member’s principal contributions;

(ii)

member’s and employer’s voluntary contributions; and

(iii)

self-employed person’s contributions; or

(b)

a retirement account —

(i)

employer’s principal contributions;

(ii)

self-employed person’s contributions; and

(iii)

Government’s contributions under sections 8(10), 9(4)

and 18 of the Supplemental Contributory Pensions

Trust Order, 2009 (S 58/2009).