15BLResignation, dismissal or retrenchment with less than 10 years as a contributor

15BL Resignation, dismissal or retrenchment with less than 10 years as a contributor

15BL Resignation, dismissal or retrenchment with less than 10 years as a contributor

(1) In this section, the former contributor means a person—

(a) who ceases (otherwise than by reason of his death) to be a servant after less than 10 years’ approved service,

(b) who had not attained the age of 60 years on or before the date on which he ceased to be a servant,

(c) who was a contributor immediately before he ceased to be a servant, and

(d) who is not entitled to any benefits under section 15BH or 15BI.

(2) Subject to section 15BW, the board shall pay to the former contributor the total amount standing to his credit in his servant’s account in the Pension Fund.

s 15BL: Ins 1977 No 46, Sch 1 (4).