Supplemental Contributory Pensions Trust Act · s 9

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9.
Voluntary contributions by self-employed person
(1) Subject to the regulations or rules made under section 39, any self-employed person may at any time contribute voluntarily to the Trust.

Supplemental Contributory
Pensions Trust 18
(2) Any self-employed person who chooses to pay voluntary contributions to the Trust shall pay to the Trust monthly in respect of himself a contribution of $17.50, of which $15 shall be credited to the person’s SCP account and $2.50 shall be paid to the survivorship protection fund.
(3) The Board may on such terms and conditions authorise any self-employed person or class of self-employed persons to pay contributions under subsection (2) at other intervals not exceeding 3 months.
(4) Where any self-employed person has paid any voluntary contribution under subsection (2), the Government shall match the person’s contribution with a contribution of $17.50, of which $15 shall be credited to the person’s SCP account and $2.50 shall be paid to the survivorship protection fund.
(5) Any self-employed person may at any time contribute voluntarily to the Trust a sum additional to the contribution under subsection (2).
(6) All voluntary contribution made by a self-employed person under subsection (5) shall be credited to his SCP account.
(7) This section does not apply to any self-employed person who has received payment under section 20(1).

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s 9Voluntary contributions by self-employed person

(1)

Subject to the regulations or rules made under section 39, any self-employed person may at any time contribute voluntarily to the Trust.

Supplemental Contributory

Pensions Trust 18

(2)

Any self-employed person who chooses to pay voluntary contributions to the Trust shall pay to the Trust monthly in respect of himself a contribution of $17.50, of which $15 shall be credited to the person’s SCP account and $2.50 shall be paid to the survivorship protection fund.

(3)

The Board may on such terms and conditions authorise any self-employed person or class of self-employed persons to pay contributions under subsection (2) at other intervals not exceeding 3 months.

(4)

Where any self-employed person has paid any voluntary contribution under subsection (2), the Government shall match the person’s contribution with a contribution of $17.50, of which $15 shall be credited to the person’s SCP account and $2.50 shall be paid to the survivorship protection fund.

(5)

Any self-employed person may at any time contribute voluntarily to the Trust a sum additional to the contribution under subsection (2).

(6)

All voluntary contribution made by a self-employed person under subsection (5) shall be credited to his SCP account.

(7)

This section does not apply to any self-employed person who has received payment under section 20(1).