Malaysia legislation
Section 8
Section 8
The principal Act is amended by inserting after section 15c the following section:
“Establishment of veteran annuity scheme 15d. (1) There shall be established a scheme to be known as the veteran annuity scheme for the payments of annuities to—
(a)
a serviceman who fulfills the following conditions:
(i)
he has been discharged from service with the regular forces of Malaysia except on the ground of misconduct; and
(ii)
he is not qualified for pension; and
(b)
an officer who fulfills the following conditions:
(i)
he has completed less than twenty years of service and has not been terminated on the ground of misconduct;
(ii)
he has not elected to be paid terminal gratuity;
and
(iii)
he has elected to participate in the veteran annuity scheme.
(2)
The annuities shall be paid on a monthly basis in such quantum as may be determined by the Lembaga from the annual profit declared on—
(a)
the payment credited under subsection 9(2) to the account of a serviceman referred to in paragraph (1)(a); or
(b)
the value of the contribution from the Consolidated
Fund recorded in accordance with subsection 9a(2)
and paid into the Tabung to the credit of the account of the officer referred to in paragraph (1)(b).
(3)
The payments of annuities under subsection (2)
shall cease to be payable if the amount referred to in paragraph (2)(a) or (b), as the case may be, is withdrawn under paragraph 12(1a)(b).
(4)
The contribution to the credit of a serviceman referred to in paragraph (1)(a) and an officer referred to in paragraph (1)(b) shall not be reckoned for the purposes of section 15c.”.
Amendment of section 22