Section 13: Contributions

13. Contributions (1) Every associate, unless he is retired, shall contribute to the Fund as is set out in regulations made by the Minister under section 21. (1A) An associate in post as at 30 June 2008 may, while in service, opt to cease to contribute to the Fund on reaching the age of 60. (1B) Where an option is made pursuant to subsection (1A), the pension shall be computed on the salary drawn at the time the associate ceases to contribute to the Fund. (1C) In relation to an associate in post as at 30 June 2008, the basic and unreduced pension shall continue to be computed at the rate of one six hundredth of the annual salary of the associate as at the date of his death or the date he ceases to be an associate, for each completed month of his contributory service up to a maximum of 400 months. (1D) Where an associate in service as at 1 July 2008 had already opted as at that date for a refund of his contributions in lieu of retaining the eligibility to family benefits, he shall be refunded his contributions, together with compound interest at the rate of 4 per cent per annum, computed annually on 31 December provided he has contributed for at least one year and leaves the service or otherwise ceases to be an associate. S40 – 7 [Issue 2] Statutory Bodies Family Protection Fund Act (2) Where a person is deemed to be an associate under section 11 (2), the amount of his contribution shall be computed on the difference between his annual salary on secondment and that received by him immediately before his secondment. (3) (a) A statutory body may, when paying the salary of an officer who is an associate, deduct the contribution due by the associate. (b) No deduction shall exceed one third of the officer’s salary. (4) Every statutory body shall pay into the Fund by the fifteenth of every month a sum representing the total of the contributions for which associates in service with such statutory body are liable for the preceding month, together with the statutory body’s own monthly contribution to the Fund which shall consist of a sum equal to the total monthly contributions of such associates. (5) Every statutory body shall also pay, in respect of any associate formerly in service with such statutory body but who has retired, contributions at the same rate as they were payable by such body immediately before the retirement of such associate, and such contributions shall continue to be paid until the date when such associate dies or attains the age of 60 or the appropriate new retirement date specified in the second column of the Schedule corresponding to the appropriate month and year of birth specified in the first column of that Schedule. (6) Every statutory body shall also pay such special contributions as may become payable under section 10 (2). [S. 13 amended by s. 5 of Act 28 of 2001 w.e.f. 1 July 2001; s. 34 (c) of Act 18 of 2008 w.e.f. 1 July 2008.]