National Retirement Scheme Act · 2024 Revised Edition · Part · Administrator Nominees
29. Payment on death of member if there is nomination
Official textFrom Attorney General's Chambers, unchanged
Subject to subsection (2), where a member dies having nominated an administrator nominee, the Board shall pay the amount standing to the credit of the deceased member according to the directions of the nominations.
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;
Where a Muslim member dies having nominated an administrator nominee in accordance with this Act, the administrator nominee shall receive the amount standing to the credit of the deceased member as an executor and not solely as a beneficiary and shall distribute the amount in accordance with
administrator nominee
“administrator nominee” means any person who is of sound mind and above the age of 18 years and includes — (a) the member’s father, mother, spouse, children or siblings; or (b) a certified lawyer;
Hukum Syara’.
In this section, “Hukum Syara’ ” means the laws of Islam according to the Shafi’ee, Hanafi, Maliki or Hanbali sect of Ahlis Sunnah
Waljamaah.
National Retirement Scheme
Scheme
“Scheme” means the National Retirement Scheme established and maintained under section 8;
Terms defined in s 2
administrator nominee
Defined · s 2“administrator nominee” means any person who is of sound mind and above the age of 18 years and includes — (a) the member’s father, mother, spouse, children or siblings; or (b) a certified lawyer;
Board
Defined · s 2“Board” means the Tabung Amanah Pekerja Board established by section 3 of the Tabung Amanah Pekerja Board Act;
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;
Scheme
Defined · s 2“Scheme” means the National Retirement Scheme established and maintained under section 8;