Supplemental Contributory Pensions Trust Act · s 8

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8.
Rate of contributions by employers, employees and Government
(1) Subject to any regulations under section 39, and except as otherwise provided in this section, every employer of an employee shall pay to the Trust monthly in respect of each employee contributions at the rates set out in the Schedule.
(2) The Board may, in its discretion and on such terms and conditions, authorise an employer or a class of employers or member of the
Trust to pay the contributions under subsection (1) at other intervals not exceeding 6 months.
(3) With respect to contributions under subsection (1) in respect of an employer, irrespective of an employee’s wage, the minimum monthly contribution from the employer shall be $57.50 of which $5 shall be paid to the survivorship protection fund.
(4) Notwithstanding any written law or any contract to the contrary, an employer shall be entitled to recover from the monthly wages of an employee the amount recoverable from the employee.
(5) Where any employer who has recovered any amount from the monthly wages of an employee in accordance with subsection (4) fails to pay the contributions to the Trust within such time as may be prescribed by the
Board, he is guilty of an offence and liable on conviction to a fine not exceeding $10,000, imprisonment for a term not exceeding 5 years or both.
(6) Every employee shall pay to the Trust monthly, in respect of himself, contributions at the rates set out in the Schedule.
(7) The Board may, on such terms, authorise an employee or a class of employees to pay the contributions under subsection (6) at other intervals not exceeding 6 months.

Supplemental Contributory
Pensions Trust
(8) Without prejudice to subsections (1) to (7) —
(a) an employer may at any time pay to the Trust voluntary contributions in respect of his employees at a rate in excess of the contribution rate under subsection (1);
(b) an employee may at any time contribute voluntarily to the
Trust a sum additional to the contribution under subsection (1);
(c) an employee who desires to have the excess monthly contributions under paragraph (b) deducted from his monthly wages by his employer may give to his employer written notice to that effect, and thereafter, so long as he is employed by that employer, the employer shall make the deductions from his wages for each month until such time, not being less than 6 months from the giving of the previous notice, as he gives further written notice to his employer of his desire to cease to have the excess monthly contributions deducted from his wages, and the employer shall pay the amount of the excess deductions to the Trust in addition to the contributions under subsection (1).
(9) Where wages are payable at intervals of less than one month, the employer may deduct from that employee’s wages at the time of each payment.
(10) All voluntary contributions paid by or for any employee under subsection (8) shall be credited to the SCP account of the employee.
(11) In the event of the death of an employee, no contributions shall be due under this section by or on behalf of the employee in respect of the month during which his death occurs.
(12) Where any contribution referred to in subsection (11) has been received, it shall be carried to the Trust in accordance with section 16.

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s 8Rate of contributions by employers, employees and Government

(1)

Subject to any regulations under section 39, and except as otherwise provided in this section, every employer of an employee shall pay to the Trust monthly in respect of each employee contributions at the rates set out in the Schedule.

(2)

The Board may, in its discretion and on such terms and conditions, authorise an employer or a class of employers or member of the

Trust to pay the contributions under subsection (1) at other intervals not exceeding 6 months.

(3)

With respect to contributions under subsection (1) in respect of an employer, irrespective of an employee’s wage, the minimum monthly contribution from the employer shall be $57.50 of which $5 shall be paid to the survivorship protection fund.

(4)

Notwithstanding any written law or any contract to the contrary, an employer shall be entitled to recover from the monthly wages of an employee the amount recoverable from the employee.

(5)

Where any employer who has recovered any amount from the monthly wages of an employee in accordance with subsection (4) fails to pay the contributions to the Trust within such time as may be prescribed by the

Board, he is guilty of an offence and liable on conviction to a fine not exceeding $10,000, imprisonment for a term not exceeding 5 years or both.

(6)

Every employee shall pay to the Trust monthly, in respect of himself, contributions at the rates set out in the Schedule.

(7)

The Board may, on such terms, authorise an employee or a class of employees to pay the contributions under subsection (6) at other intervals not exceeding 6 months.

Supplemental Contributory

Pensions Trust

(8)

Without prejudice to subsections (1) to (7) —

(a)

an employer may at any time pay to the Trust voluntary contributions in respect of his employees at a rate in excess of the contribution rate under subsection (1);

(b)

an employee may at any time contribute voluntarily to the

Trust a sum additional to the contribution under subsection (1);

(c)

an employee who desires to have the excess monthly contributions under paragraph (b) deducted from his monthly wages by his employer may give to his employer written notice to that effect, and thereafter, so long as he is employed by that employer, the employer shall make the deductions from his wages for each month until such time, not being less than 6 months from the giving of the previous notice, as he gives further written notice to his employer of his desire to cease to have the excess monthly contributions deducted from his wages, and the employer shall pay the amount of the excess deductions to the Trust in addition to the contributions under subsection (1).

(9)

Where wages are payable at intervals of less than one month, the employer may deduct from that employee’s wages at the time of each payment.

(10)

All voluntary contributions paid by or for any employee under subsection (8) shall be credited to the SCP account of the employee.

(11)

In the event of the death of an employee, no contributions shall be due under this section by or on behalf of the employee in respect of the month during which his death occurs.

(12)

Where any contribution referred to in subsection (11) has been received, it shall be carried to the Trust in accordance with section 16.