Retirement Fund (Administration) (Amendment) Regulations 2012

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Retirement Fund (Administration) (Amendment) Regulations 2012








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RETIREMENT FUND (ADMINISTRATION)

(AMENDMENT) REGULATIONS 2012

Retirement Fund (Administration) (Amendment)
Regulations 2012 Arrangement of Regulations





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RETIREMENT FUND (ADMINISTRATION)

(AMENDMENT) REGULATIONS 2012

Arrangement of Regulations

Regulation

1 Short Title .............................................................................................................. 5
2 Regulation 5(2) amended ....................................................................................... 5
3 Regulation 5(3) amended ....................................................................................... 5
4 Regulation 5(6) amended ....................................................................................... 6





Retirement Fund (Administration) (Amendment)
Regulations 2012 Regulation 1





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RETIREMENT FUND (ADMINISTRATION)

(AMENDMENT) REGULATIONS 2012



RETIREMENT FUND ACT 1998

IN EXERCISE of the powers conferred by section 12 of the Retirement Fund

Act 1998, the Prime Minister with the consent of Cabinet makes the following

regulations:



1 Short Title

(1) This Regulations may be cited as the Retirement Fund (Administration)

(Amendment) Regulations 2012.

(2) The Retirement Fund (Administration) Regulations 1999 are in these

Regulations referred to as the Principal Regulations.

2 Regulation 5(2) amended

Regulation 5(2) of the Principal Regulations is amended by deleting the following

words and comma “subject to sub-regulation 5(3),”.

3 Regulation 5(3) amended

Regulation 5(3) of the Principal Regulations is amended by repealing it and

replacing it with the following –



Regulation 4
Retirement Fund (Administration) (Amendment)

Regulations 2012





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“(3) Every Member shall have the full balance of the Employer Account included

in the Leaving Service Benefit.”

4 Regulation 5(6) amended

Regulation 5(6) of the Principal Regulations is amended by repealing it and

replacing it with the following:



“Police Officers

(6) Subject to these Regulations, the Fund Board shall pay the preserved portion

to a Member who is a police officer upon his retirement on reaching the

compulsory retirement age prescribed by section 72 of the Tonga Police Act

2010. PROVIDED that a Member who is a police officer shall be paid the

preserved portion upon his voluntary retirement after reaching the minimum

voluntary retirement age prescribed by section 71 of the Tonga Police Act

2010.”







Made at Nuku’alofa on this 27
th
day of July 2012.







Lord Tu’ivakano

Prime Minister

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