13Liability to contribute following election by employee

13 Liability to contribute following election by employee

13 Liability to contribute following election by employee

(1) Where an election under section 11 takes effect, the person who made the election becomes, and remains, liable to pay to the Fund the contributions prescribed by this Part and, except as provided by section 16 (3), to pay those contributions in respect of the period that commences on the contributor’s entry date and ends on the contributor’s exit date.

(2) A contributor’s contributions to the Fund shall be calculated on a monthly basis and a contribution payable in respect of a month shall be paid to the Board within 7 days after the last day of that month.

(3) A contributor’s contributions to the Fund are payable to the Board by the employer by which the contributor is employed and the employer is entitled to deduct those contributions from any amount or amounts that may become payable by the employer to the contributor, whether as salary or otherwise.

(4) The Board may, in a particular case, charge interest calculated on a daily basis at a rate determined by the Board on a contribution to the Fund for any period during which the contribution remains unpaid after the time allowed for payment under subsection (2) and any such interest—

(a) shall be paid to the Board by the employer in default, and

(b) is not chargeable against any employee.