Retirement Fund (Administration) (Amendment) Regulations 2011

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.
RetirementFund_Administration__Amendment_Regulations2011Eng




C
T

RETIREMENT FUND (ADMINISTRATION)
(AMENDMENT) REGULATIONS 2011



Retirement Fund (Administration) (Amendment)
Regulations 2011 Arrangement of Regulations




to
Page 3




C
T

RETIREMENT FUND (ADMINISTRATION)
(AMENDMENT) REGULATIONS 2011

Arrangement of Regulations
Regulation

1 Short Title .................................................................................................... 5
2 Regulation 5(3) amended ........................................................................... 5
3 Regulation 9 amended ............................................................................... 6



Retirement Fund (Administration) (Amendment)
Regulations 2011 Regulation 1




to
Page 5




C
T

RETIREMENT FUND (ADMINISTRATION)
(AMENDMENT) REGULATIONS 2011

RETIREMENT FUND ACT 1998

IN EXERCISE of the powers conferred by section 12 of the Retirement Fund
Act 1998, Cabinet makes the following Regulations –

_______________________________________________________________

1 Short Title

(1) These Regulations may be cited as the Retirement Fu d (Administration)
(Amendment) Regulations 2011.

(2) The Retirement Fund (Administration) Regulations 1999, as amended, are
referred to in these Regulations as the Principal Regulations.

2 Regulation 5(3) amended

Regulation 5(3) of the Principal Regulations is amended, in the Tongan version
only, by repealing paragraphs (b) to (e) and replacing them with the following –



“(b) Kapau kuo kakato ha ta’u ‘e tolu ‘a e Ngaue ‘a e Memipa kuo
pau ke kau kotoa ‘a e palanisi ‘o e ‘Akauni ‘a e Pule
Ngaue’anga ki he Monu’ia ki he Nofo mei he Ngaue.

(c) Kapau ‘e tuli ‘a e memipa mei he ngaue ‘e ‘ikai u ha konga ‘o
e palanisi ‘o e ‘Akauni ‘a e Pule Ngaue’anga ki he Monu’ia ki
he Nofo mei he Ngaue.

(d) Ko e Ngaue kuo fakakakato ‘e ha Memipa kimu’a ‘i he ‘aho 1
‘o Siulai 1999 ki he ngaahi taumu’a ‘o e Lao ki he Vahenga
Malolo (Vahe 8), mo e Ngaue kotoa pe na’e fakahoko ‘e ha taha

Regulation 3
Retirement Fund (Administration) (Amendment)

Regulations 2010




Page 6
to



ngaue totongi lau ‘aho ‘e lau katoa ia ki he ngaahi t umu’a ‘o e
tu’utu’uni si’i 5(3)(a).

(e) ‘E ngaue’aki ‘e he Poate ‘o e Sino’i Pa’anga ‘a e palanisi ‘o e
ngaahi ‘Akauni ‘a e Pule Ngaue’anga ‘a ia ‘oku ‘ikai totonu ke
totongi atu ki he kau memipa ‘o fakatatau ki he tu’u ’uni si’i
5(3)(a) mo e 5(3)(c) ke fua ’aki ‘o e ngaahi fakamole ki he
Totongi Pule’i (Administrations Fees) pe Totongi Malu’i
(Insurance Premiums) ‘a ia na’e ala to’o mei he ngaahi ‘akauni
‘a e kau memipa ‘i he tu’utu’uni 8.”

3 Regulation 9 amended

Regulations 9 of the Principal Regulations is amended by inserting a new sub-
regulation (6) as follows –


“(6) In the case of a former member who has been subsequently re-
admitted as a member, and the Fund Board still maintains the
preserved portion of his previous Leaving Service Benefit, such
preserved portion shall be added to the member’s late t Transfer
Preserved Account. The combined Transfer Preserved Account
shall be subject to the member’s most recent membership
status.”.





Made at Nuku’alofa this 8th day of June 2011.




Busby Kautoke

Chief Secretary and Secretary to Cabinet

Related Laws