Malaysia legislation

Section 6B

of *STATUTORY AND LOCAL AUTHORITIES PENSIONS ACT 1980

Section 6B

(a)

who has been conferred the status of a pensionable employee under section 6 or is deemed to be a pensionable employee under paragraph 7(a), (b) or (c); or

(b)

who was appointed before 12 April 1991 and has not been conferred the status of a pensionable employee, may opt for the Employees Provident Fund Scheme.

(2)

The option under subsection (1) shall be made to the appropriate appointing authority in such manner as may be approved by the pensions authority.

Statutory and Local Authorities Pensions 11

(3)

The exercise of the option by an employee under this section shall take effect on the option being accepted by the appropriate appointing authority and shall thereupon be irrevocable.

(4)

A pensionable employee shall cease to be a pensionable employee upon his option taking effect.

(5)

Subject to subsection (6), the provisions of this Act, and in particular subsection 8(1), shall cease to apply to a pensionable employee upon his option taking effect.

(6)

Subsections 6A(5) and (6) and sections 6C and 6D shall apply to an employee who opts for the Employees Provident Fund Scheme under this section.

Retrospective contributions to the Employees Provident Fund