National Retirement Scheme Act · 2024 Revised Edition · Part 2
16. Crediting of contributions into account
Official textFrom Attorney General's Chambers, unchanged
Subject to subsection (2), the following accounts are to be maintained under the Scheme —
Scheme
“Scheme” means the National Retirement Scheme established and maintained under section 8;
a member account; and
a retirement account.
The Board shall credit to the accounts specified in subsection (1)
Board
“Board” means the Tabung Amanah Pekerja Board established by section 3 of the Tabung Amanah Pekerja Board Act;
every contribution paid into the Scheme for a member in such manner as the
member
“member” means any person who has contributed to the member account to whose credit any amount is standing in the account and includes — (a) a self-employed person who has contributed voluntarily under section 15; (b) a self-employed person who has transferred his member account to the retirement account under section 17; and (c) any person who is or was a member in a SCP account;
Minister may direct and the Minister may give different directions in respect of different classes of members.
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.
member account
“member account” means an account maintained under section 16(3);
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
retirement account
“retirement account” means an account maintained under section 16(4);
Minister may direct.
Terms defined in s 2
Board
Defined · s 2“Board” means the Tabung Amanah Pekerja Board established by section 3 of the Tabung Amanah Pekerja Board Act;
employer
Defined · s 2“employer” means the person with whom an employee has entered into a contract of service or apprenticeship and includes — (a) any person, company, association or body of persons, whether or not statutory or incorporated by whom an employee is employed; (b) the owners of any vessel on which an employee is employed; (c) any manager, agent or person responsible for the payment of wages to an employee on behalf of an employer; (d) any foreign mission in Brunei Darussalam; (e) the Government in respect of such categories, classes or descriptions of officers or employees of the Government as the Minister may, with the consent of His Majesty the Sultan and Yang Di-Pertuan, by order published in the Gazette, declare to be employees for the purposes of this Act: Provided that no such officer or employee employed by or on behalf of the Government shall be personally liable for anything done or omitted to be done by him as an officer or employee of the Government in good faith;
member
Defined · s 2“member” means any person who has contributed to the member account to whose credit any amount is standing in the account and includes — (a) a self-employed person who has contributed voluntarily under section 15; (b) a self-employed person who has transferred his member account to the retirement account under section 17; and (c) any person who is or was a member in a SCP account;
member account
Defined · s 2“member account” means an account maintained under section 16(3);
retirement account
Defined · s 2“retirement account” means an account maintained under section 16(4);
Scheme
Defined · s 2“Scheme” means the National Retirement Scheme established and maintained under section 8;
self-employed person
Defined · s 2“self-employed person” means any person below the minimum retirement age who, being a citizen of Brunei Darussalam or permanent resident and not being employed under a contract of service or apprenticeship, engages in any trade, vocation, profession or other activity in Brunei Darussalam for the purpose of gain;
Part
Withdrawal of Contributions
Part
Contributions by Permanent Residents Holding Foreign Citizenship
Part
Administrator Nominees
Part
Offences, Penalties and Proceedings
Part