12Transferred benefit points accruing to certain Provident Fund contributors

12 Transferred benefit points accruing to certain Provident Fund contributors

12 Transferred benefit points accruing to certain Provident Fund contributors

A transferred contributor who is a former fixed rate Provident Fund contributor is entitled to be credited with the number of transferred benefit points which would be calculated in respect of the contributor under clause 11 if:

(a) the contributor was a person to whom that clause applied, and

(b) the contributions made to the Provident Fund in respect of the contributor had been paid as premiums under Part 2 of the earlier Act, and

(c) the period during which those contributions were made was the period which commenced on the contributor’s entry date and during which the contributor would have been the holder of a current insurance policy if those premiums had been paid.