http://statutes.agc.gov.sg/non_vers...RY PENSIONS ACT
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PENSIONS AND GRATUITIES FOR MEMBERS, MINISTERS AND OTHER OFFICE-HOLDERS
Future and Nominated Members’ eligibility for pension.
2A. —(1) Unless otherwise expressly provided, a future Member shall not be eligible for any pension or gratuity under the provisions of this Act in respect of his reckonable service as a future Member, including any period which may be counted as such service by virtue of section 6.
(2) For the avoidance of doubt —
(a) a future Member who holds any office shall remain eligible for a pension under the provisions of this Act in respect of his reckonable service in that office; and
(b) a person who, on the date immediately before he becomes a future Member, has the minimum period of reckonable service as a Member to be eligible for a pension under section 3 (including any period of reckonable service which may be counted by virtue of section 6), shall remain eligible for a pension under the provisions of this Act in respect of his reckonable service as a Member as of that date.
(3) Any person who on 1st January 1995 is a nominated Member shall not be eligible for a pension under the provisions of this Act in respect of his service as a Member on or after that date.
13/95.
Pensions in respect of service as Members.
3. —(1) Subject to the provisions of this Act, a person who, after 1st September 1978, ceases at any time to be a Member may be granted a pension under this section if he has not less than 9 years’ reckonable service as a Member (whether continuously or not) and has attained the age of 50 years.
(2) The annual amount of pension payable to a Member shall be —
(a) in respect of every completed year of reckonable service, at the rate of one-thirtieth (1/30) of his annual salary; and
(b) in respect of any remaining uncompleted year of reckonable service, at the rate of one-three-hundred and sixtieth (1/360) part of his annual salary for each completed month of reckonable service.
(2A) The annual pension payable to any Member under subsection (2) shall not exceed two-thirds of his annual salary.
(3) Subject to sections 13 and 15, a pension under this section shall continue for the life of the person to whom it is payable but shall not be payable in respect of any period during which he is again a Member or is a candidate for election to Parliament; at the end of that period the pension shall again be payable and shall be re-computed under subsection (2) with the addition of any further period of reckonable service to the period of his former reckonable service as a Member.
(4) For the purposes of subsections (2) and (2A), “annual salary” means the annual equivalent of the highest monthly rate of salary (excluding any non-pensionable allowances) received by a Member during any period of his service as a Member.
(5) For the purposes of subsection (3), a person who ceases to be a Member in consequence of the dissolution of Parliament shall be treated as a candidate for election from the date of the dissolution if he seeks re-election at the next general election.
Pensions in respect of service as Prime Minister, Deputy Prime Minister, Speaker, Ministers and other office-holders.
4. —(1) Subject to the provisions of this Act, a person may be granted a pension under this section, in addition to any pension that may be granted to him under section 3, in respect of his reckonable service in any office if, after 1st September 1978, he ceases at any time to hold office and has —
(a) not less than 8 years’ reckonable service as an office-holding Member (whether continuously or not); and
(b) attained the age of 50 years.
(2) The annual amount of pension payable to an office-holding Member shall be —
(a) in respect of every completed year of reckonable service in any office, or where he has served in more than one office in each office, at the rate of one-twenty-seventh (1/27) of his annual salary in that office; and
(b) in respect of any remaining uncompleted year of reckonable service in any office, or where he has served in more than one office in each office, at the rate of one-three-hundred and twenty-fourth (1/324) part of his annual salary for each completed month of reckonable service in that office.
(2A) The annual pension payable to any office-holding Member under subsection (2) shall not exceed two-thirds of the highest annual salary of any office held by him.
(3) Subject to sections 13 and 15, a pension granted under this section shall continue for the life of the person to whom it is payable but shall not be payable in respect of any period during which he is again an office-holding Member; at the end of that period the pension shall again be payable and shall be re-computed with the addition of that period to the period of his former reckonable service as an office-holding Member.
(4) For the purposes of subsections (2) and (2A), “annual salary”, in relation to any office, means the annual equivalent of the highest monthly rate of salary (excluding any non-pensionable allowances) received by an office-holding Member during any period of reckonable service as a holder of that office.
(5) Where the monthly rate of salary applicable to any office previously held by an office-holding Member is increased during any continuous period of reckonable service while he is an office-holding Member but holding another office, he shall be deemed to have received such increased rate during his period of reckonable service as a holder of that office.
Pensions for serving office-holders after attaining 55 years of age.
5. —(1) Where an office-holding Member has —
(a) not less than 8 years’ reckonable service as an office-holding Member (whether continuously or not);
(b) attained the age of 55 years; and
(c) not previously been granted a pension under section 4,
he may be granted a pension under that section notwithstanding the fact that he has not ceased to hold office.
(2) Subject to sections 13 and 15, a pension granted under section 4 to an office-holding Member by virtue of this section shall continue for the life of the person to whom it is payable and shall, when he ceases to hold office, be re-computed under subsection (2) of that section with the addition of his further period of reckonable service as an office-holding Member to the period of reckonable service which has been used in computing his pension.
(3) Where a person has been granted a pension under section 4 after ceasing to hold office and —
(a) becomes an office-holding Member again after having attained the age of 55 years; or
(b) becomes an office-holding Member again before attaining the age of 55 years, on his attaining that age,
the pension shall, notwithstanding subsection (3) of that section, continue to be payable to him and shall, at the end of his further period as an office-holding Member, be re-computed with the addition of that further period to the period of his former reckonable service as an office-holding Member.
