Supplemental Contributory Pensions Trust Act · s 16

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s 16Contributions to be paid into Trust

(1)

All sums recovered or collected on account of contributions to the Trust under this Act shall be paid into or carried to the Trust in such manner as the Board may determine.

(2)

The Board shall cause to be credited to each member —

(a)

the amount of every contribution paid to the Trust for him, excluding that portion of contribution to be paid into the survivorship protection fund; and

(b)

annual dividend at the rate declared under section 7(6) at such intervals as the Board may determine and on the amount standing to his credit in the Trust at such time as the Board may determine.