TABUNG ANGKATAN TENTERA (AMENDMENT) ACT 2017

This Act comes into operation on a date to be appointed by the Minister by notification in the Gazette.

Amendment of section 2

by deleting the definition of “the scheme”; and

by inserting after the definition of “unit trust benefit” the following definition:

‘ “veteran annuity scheme” means the scheme established under section 15d for the payments of annuities;’.

Amendment of section 3

in paragraph (1)(a), by inserting after the words “(3)(a)”

the words “, and the veteran annuity scheme for the benefit of the persons specified under paragraph (3)(aa)”;

in subsection (2)—

by renumbering the existing paragraphs (bb) and

(bc) as paragraphs (bc) and (bd) respectively;

in subsection (3), by inserting after subparagraph (a)(iii)

the following paragraph:

“(aa) benefits under the veteran annuity scheme shall be given to the servicemen referred to in paragraph 15d(1)(a) and officers referred to in paragraph 15d(1)(b); and”; and

in subsection (4), by substituting for the words “(2)(bb)

and (bc)” the words “(2)(bc) and (bd)”.

Amendment of section 9

the deduction of his salary under subsection (1)

shall continue to be made until he is discharged from service with the regular forces of Malaysia;

the payment under subsection (2) shall cease to be made in respect of the contribution made under paragraph (a); and

Tabung Angkatan Tentera (Amendment)

all payments made under subsection (2) which are still standing to the credit of the serviceman’s account shall be withdrawn and credited into the

Consolidated Fund.”.

Amendment of section 9a

in subsection (3)—

in the English language text, by substituting for the word “not” the word “neither”;

by deleting paragraph (c); and

by inserting after subsection (3) the following subsection:

“(3a)

An officer who contributes under subsection (1)

who has completed less than twenty years of service and has not elected to be paid terminal gratuity but elects to participate in the veteran annuity scheme shall, upon the completion of his service, be paid the value of his contribution to the Tabung and the dividend for the duration of the contribution, and the value of the contribution from the Consolidated Fund that has been recorded in accordance with subsection (2)

shall be paid into the Tabung to the credit of such officer’s account.”.

Amendment of section 11

in subsection (1), by substituting for the word “subsection”

the words “subsections (1a) and”; and

by inserting after subsection (1) the following subsection:

“(1a) Where the withdrawal under paragraph (1)(b)

or (c) is made by a serviceman referred to in paragraph 15d(1)(a) or an officer referred to in paragraph 15d(1)(b)—

the withdrawal shall only apply to—

in respect of a serviceman—

his contribution to the Tabung and the dividend for the duration of the contribution;

and

the dividend for the payments made under subsection 9(2)

but excluding the dividend for the year immediately preceding the discharge of the serviceman from service with the regular forces of

Malaysia; or

the remaining amount standing to the credit of the serviceman’s or officer’s account under this Act may only be withdrawn on the death of the serviceman or officer, as the case may be, or in the circumstances as may be approved by the Lembaga.”.

Tabung Angkatan Tentera (Amendment)

7

New section 15d

a serviceman who fulfills the following conditions:

he has been discharged from service with the regular forces of Malaysia except on the ground of misconduct; and

an officer who fulfills the following conditions:

he has completed less than twenty years of service and has not been terminated on the ground of misconduct;

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—

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).

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

by renumbering the existing paragraph (aa) as paragraph (ab); and

by inserting after paragraph (a) the following paragraph:

“(aa) matters relating to the implementation of the veteran annuity scheme including the manner of payments of annuities and the provision for the nomination of person to receive any amount standing to the credit of the account of a serviceman or an officer in the event of his death;”.

Saving provision