Malaysia legislation
Section 12
Section 12
(a)
on the death of the contributor;
(b)
when the contributor has been certified as physically or mentally incapacitated from engaging in the service;
(c)
on the contributor attaining the age of fifty years and, where the contributor is an officer, on the officer attaining the age of compulsory retirement;
(d)
thirty days after the contributor has retired from service; or
(e)
thirty days after the contributor has been discharged from service.
20
(1A)
Where the withdrawal under paragraph (1)(c), (d) or (e) is made by a serviceman referred to in paragraph 15D(1)(a) or an officer referred to in paragraph 15D(1)(b)—
(a)
the withdrawal shall only apply to—
(i)
in respect of a serviceman—
(A)
his contribution to the Tabung and the dividend for the duration of the contribution; and
(B)
the dividend for the payments made under subsection 9(2) but excluding the dividend for the year immediately preceding the discharge of the serviceman from service with the regular forces of Malaysia; or
(ii)
in respect of an officer, his contribution to the Tabung and the dividend for the duration of the contribution;
and
(b)
the remaining amount standing to the credit of the serviceman’s or officer’s account under this Act may only be withdrawn on the death of the serviceman or officer, as the case may be, or in the circumstances as may be approved by the Lembaga.
(1B)
For the purpose of withdrawal under paragraph 12(1)(a) or (b), the Lembaga shall authorize the withdrawal of all sum of money standing to the credit of the contributor’s account under this Act, if—
(a)
applied by the heir of the contributor on the death of the contributor; or
(b)
applied by the next of kin of the contributor who has been certified to be physically or mentally incapacitated from engaging in the service.
(2)
Notwithstanding subsection (1), a contributor may withdraw a part of the amount standing to the credit of his account for the purpose of enabling him to purchase a dwelling house or land for the purpose of constructing thereon a dwelling house or any other purpose as may be determined by the Lembaga.
Tabung Angkatan Tentera 21
(2A)
The contributor who has been discharged or has retired from service may opt to withdraw or retain any amount standing to the credit of his account in the Tabung and the amount standing shall be entitled to receive a rate of profit on the contributions retained in the Tabung under this Act.
(3)
For the avoidance of doubt it is declared that the expression
“service” in paragraphs 1(d) and (e) means service with the armed forces as—
(a)
a serviceman until he has been discharged as a serviceman from the armed forces;
(b)
a serviceman and if he is granted a commission as an officer until he has retired as an officer from the armed forces;
(c)
an officer until he has retired from the armed forces; and
(d)
a mobilised member of the volunteer forces until he has been discharged or has retired from the armed forces.
Lembaga to determine terms and conditions of withdrawal, etc.