National Retirement Scheme Act · s 16

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16.
Crediting of contributions into account
(1) Subject to subsection (2), the following accounts are to be maintained under the Scheme —
(a) a member account; and
(b) a retirement account.
(2) The Board shall credit to the accounts specified in subsection (1)
every contribution paid into the Scheme for a member in such manner as the
Minister may direct and the Minister may give different directions in respect of different classes of members.
(3) A member account referred to in subsection (1)(a) is an account maintained for the crediting of every contribution paid into the Scheme by a member, or voluntary contribution by a self-employed person or employer, under this Act in such manner as the Minister may direct and the Minister may give different directions in respect of different classes of members.
(4) A retirement account referred to in subsection (1)(b) is an account maintained for the crediting of every contribution paid into the Scheme by an employer or self-employed person under this Act in such manner as the
Minister may direct.

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s 16Crediting of contributions into account

(1)

Subject to subsection (2), the following accounts are to be maintained under the Scheme —

(a)

a member account; and

(b)

a retirement account.

(2)

The Board shall credit to the accounts specified in subsection (1)

every contribution paid into the Scheme for a member in such manner as the

Minister may direct and the Minister may give different directions in respect of different classes of members.

(3)

A member account referred to in subsection (1)(a) is an account maintained for the crediting of every contribution paid into the Scheme by a member, or voluntary contribution by a self-employed person or employer, under this Act in such manner as the Minister may direct and the Minister may give different directions in respect of different classes of members.

(4)

A retirement account referred to in subsection (1)(b) is an account maintained for the crediting of every contribution paid into the Scheme by an employer or self-employed person under this Act in such manner as the

Minister may direct.