Transport Employees Retirement Benefits Act 1967
22Exemption from contributing and reduced contributions
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22 Exemption from contributing and reduced contributions
22 Exemption from contributing and reduced contributions
(1) Notwithstanding any other provision of this Act, the Board may exempt a contributor or employee from contributing to the Fund or reduce the lump sum benefit for which a contributor or employee is required to contribute to the Fund where the Board, on the application of the contributor or employee, is satisfied that adequate provision has been made for the contributor and his family, the contributor’s husband is a contributor or there are other special circumstances that justify the exemption or reduction.
(2) If the Board exempts a person from contributing to the Fund, the Board shall make a refund of contributions to that person.
(3) If the Board reduces the benefit for which a person was contributing, the Board shall adjust his contributions actuarially and may make a refund of any excess contributions.