Section 55
Depositor in Railway Provident Fund transferred to the Authority
Any person who by virtue of subsection 52(1) becomes an officer or servant of the Authority and who immediately before becoming such officer or servant was a depositor in the Malayan
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Railway Provident Fund (hereinafter referred to as “the Provident
Fund”) shall, so long as he remains an officer or servant of the
Authority until a provident fund has been established or other retirement benefits provided by the Authority under this Act continue to be a depositor to the Provident Fund, and subject to this section shall be subject to the Malayan Railway Provident Fund Ordinance 1952
[Ord. 21 of 1952], and of any rules made thereunder as if he had remained an officer or servant of the Administration.
(2)
Where any person who continues to be a depositor in the
Provident Fund ceases to be an officer or servant of the Authority, the
Malayan Railway Provident Fund Ordinance 1952, and any rules made thereunder which would have been applicable upon his ceasing to be an officer or servant of the Administration shall apply as if he had remained an officer or servant of the Administration and had ceased to be such an officer or servant at the time at which and in circumstances similar to those in which he ceased to be an officer or servant at the
Authority.
(3)
The following provisions shall, as respects a person continuing to be a depositor in the Provident Fund, have effect:
(a)
the Board of Managers of the Provident Fund may in respect of such person grant benefits and make payments into and out of the Fund as if his employment by the Authority were employment by the Administration.
(b)
the Authority shall deduct from his remuneration such amounts as he is liable to deposit in the Provident Fund and shall from time to time pay to the Administration the amounts so deducted to be carried by the Administration to his credit in the said Fund; and
(c)
the Authority shall from time to time pay to the
Administration such amounts as the Administration would be liable to pay to the Provident Fund by way of bonuses in respect of his remuneration if his employment by the
NOTE—The Malayan Railway Provident Fund Ordinance 1952 [Ord. 21 of 1952] has been repealed by the Malayan Railway Provident Fund (Dissolution) Act 1995 [Act 534].
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Authority were employment by the Administration and such amounts shall be carried by the Administration to his credit in the said Fund.