Malaysia legislation
Section 15
Section 15
The principal Act is amended by inserting after section 55a the following section:
“Contribution to and withdrawal from the Fund for a member of the Fund who has attained the age of sixty years 55b. (1) Notwithstanding section 55a, any contribution that has been credited into the account of a member of the Fund after the member has attained the age of fifty-five years may only be withdrawn when the member attains the age of sixty years or such other age as may be prescribed by the Minister by order published in the Gazette, whichever is higher.
(2)
The Board may authorize a member of the Fund who has attained the age of sixty years or such other age as may be prescribed under subsection (1), whichever is higher, to withdraw all sums or part of the amount standing to his credit subject to any terms and conditions as may be prescribed by the Board.”.
Amendment of section 59