21Cessation of contributions

21 Cessation of contributions

21 Cessation of contributions

(1) The last month in respect of which a contributor is required to make a contribution to the Fund is the month that immediately precedes the month during which the contributor ceases to be employed by his employer, dies, retires, or attains the age of sixty-five years, whichever first occurs.

(2) A contributor—

(a) who has ceased to contribute to the Fund as mentioned in subsection (1), or

(b) who is eligible for a benefit under this Act calculated by reference only to his initial credit,

shall, for the purposes of this Act, be deemed to be a contributor until he ceases to be employed by his employer, dies, retires, or attains the age of sixty-five years, whichever first occurs.

s 21: Am 1985 No 44, Sch 1 (4).