National Retirement Scheme Act · 2024 Revised Edition · Part · General
44. Refund of contributions paid in error
Official textFrom Attorney General's Chambers, unchanged
When the Board is satisfied that any amount has been paid in error to the Scheme in respect of any person or as service charge under section 43, the Board may, subject to subsection (3), refund the amount so paid in error to the person by whom it was paid or to any other person as the Board may determine:
Board
“Board” means the Tabung Amanah Pekerja Board established by section 3 of the Tabung Amanah Pekerja Board Act;
Provided that if the refund of any amount paid in error is not claimed within 6 months of the date on which it was paid or if the member in respect of whom it was paid has withdrawn it, the amount paid in error shall not be refunded but is deemed to have been properly paid under the provisions of this Act as service charge or for the person in respect of whom it was paid.
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;
If any amount is due to the Scheme from the person to whom refund of the amount paid in error would otherwise be made, the Board may retain the whole or any part of the amount paid in error and set it off against such amount as is due.
Scheme
“Scheme” means the National Retirement Scheme established and maintained under section 8;
No refund shall be made and no amount shall be set off under this section except with the consent of the Board who may require any person who claims to have paid any amount to the Scheme in error to make a written application for refund and to furnish such information as the Board may require to determine the amount so paid.
National Retirement Scheme 34
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;
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;