Supplemental Contributory Pensions Trust Act · s 18

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 18Catch-up payment by Government for transition generation

(1)

Where a member belongs to the transition generation, there shall be paid by the Government a lump sum catch-up contribution of such amount as the Minister may determine to be paid to his SCP account.

(2)

The lump sum catch-up contribution payable to a member under subsection (1) shall be —

(a)

for the period the member attains the age of 25 years at any time after 1st January 1993 up to 31st December 2009; and

Supplemental Contributory

Pensions Trust 22

(b)

determined after taking into account the number of months the member has contributed to Tabung Amanah Pekerja as at 31st December 2009.

(3)

For the purpose of this section, “transition generation” means citizens of Brunei Darussalam and permanent residents who are members of

Tabung Amanah Pekerja on 31st December 2009 and who have not attained the age of 55 years on that date.