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248
THE CYPRUS GAZETTE,
I
4
TH
JULY, i960.
investments as the Board with the approval of the
Financial Secretary shall deem fitting.
(4) T h e Treasurer shall cause to be kept separate
accounts of the monies and property of the Fund
and the same shall be audited by the Government
Auditor.
(5) T h e Board shall submit to the Governor as
soon as is practicable after the thirty-first day of
December of each year an audited statement of
accounts showing transactions with the property of
the Fund in the year immediately preceding, and
such statement shall be published in such manner as
the Governor m a y direct.
(6) T h e Board may, with the approval of the
Governor, make standing orders regarding the times
and places of its meetings and the quorum and
procedure at meetings.
Contributors.
5.—(1) A n employee of the Government w h o shall
become a regular employee subsequent to the date
of the coming into force of these Rules shall on
becoming a regular employee become a contributor
to the Fund as a condition of his continued employ–
ment as a regular employee.
(2) A n employee of the Government w h o is a
regular employee on the date of the coming into force
of these Rules shall be a contributor to the Fund :
Provided that any such employee m a y by notice in
writing within one month of the coming into force
of these Rules elect not to be a contributor and any
such election shall be irrevocable.
Contributors who shall cease to be contributors.
6.—(1) For the purposes of this section a regular
employee shall cease to be a regular employee on the
date he ceases to receive wages as a regular employee.
(2) Save as provided in paragraph (3) a contributor
shall cease to be a contributor when he shall cease to
be a regular employee.
(3) Except in the case where a contributor shall
die, and subject to Rule 14, a contributor w h o shall
cease to be a regular employee shall continue to be a
contributor for the purposes of these Rules for a
period of six months next following the date on which
he ceased to be a regular employee and unless he
shall again become a regular employee during such
period he shall cease to be a contributor on the
termination thereof :
Provided that a contributor who has ceased to be
a regular employee may make request in writing to
the Board—
{a) that the provisions of this paragraph shall
not apply to him and in such a case, if the
Board is satisfied that such contributor is
unlikely again to become a regular employee,
it may direct that the provisions of this
paragraph shall not apply to such contribu–
tor w h o shall thereupon be deemed to
have ceased to be a contributor on the date
he ceased to be a regular employee ; or
(b) that the period of six months be extended
and in any such case the Board may in its
sole discretion extend such period to such
period not exceeding twelve months as it
shall deem fitting.
(4) A contributor w h o has ceased to be a regular
employee shall not make contributions to the Fund
as provided in Rule 7.
Contributions.
7.—(1) A contributor shall make a payment into
the Fund in respect of each week in which he has
rendered services entitling him to receive wages
and the amount of such payment shall be as is
specified in the second column of the Schedule to
these Rules against the hourly rate of pay paid to
such employee for the week and set out in the first
column of the said Schedule.
(2) T h e Treasurer shall cause to be deducted
contributions in arrear from the wages of a contri–
butor as and when wages are paid to him and cause
the same to be credited to an account in the name of
the contributor.
(3) Contributions shall be paid as from the first
day of the wages week next following the date on
which an employee shall become a contributor or as
respects a contributor w h o shall be a contributor on
the coming into force of these Rules as from the first
day of the wages week four weeks after the date
of the coming into force of these Rules.
Deposits.
8. A sum equal to each contribution shall, on the
date when such contribution is paid into the Fund,
be paid by the Government into the Fund and the
Treasurer shall cause such deposit to be credited to
the account of the contributor making such contribu–
tion.
Gratuities.
9. W h e n an employee of the Government shall
become a contributor he shall cease to be eligible
for any gratuity in respect of his service as froni the
date he became a contributor.
Interest.
10.—(1) Interest shall be credited separately on
contributions and deposits at a rate to be determined
by the Board each year commencing in the year 1961.
(2) Interest at the rate determined for any year
shall be calculated on the total amounts of contribu–
tions and deposits standing to the credit of each
contributor on the first day of such year and subject to
the provisions of Rule 12 it shall be calculated to the
thirty-first day of December of such year and shall
then be credited to the account of the contributor and
be deemed to be contributions or deposits, as the
case may be, for the purposes of these Rules :
Provided that interest deemed to be a contribution
shall not be deemed to be a contribution for the
purposes of Rule 8.
Information to contributors.
11. T h e Treasurer when requested by any
contributor shall inform him of the amounts standing
to the credit of his account in the Fund by way of
contributions and deposits on the thirty-first day of
December immediately preceding such request.
Closing of Accounts.
12.—(1) If a contributor shall die or subject to the
provisions of Rule 16 if a contributor shall cease to
be a contributor, interest at the rate determined for
the year immediately preceding that in which such
event shall take place shall be credited to his
account in manner provided in Rule 10 but up to and
including the day immediately preceding the date
of death or the date the contributor ceases to be a
contributor, as the case m a y be, and thereupon the
account of the contributor shall be closed :
Provided that in the year 1961 the rate of interest
for the year immediately preceding shall be at the
rate determined for the year 1961.
(2) O n the closing of an account as provided in
paragraph (1) the Treasurer shall give notice of
such closure to the contributor concerned or to such
other person or persons as shall or m a y in his opinion
reasonably require such notice.
Death of a contributor.
13.—(1) O n the death of a contributor the
Treasurer shall pay the amount standing to the
credit of such deceased contributor to the person or
persons entitled by law to receive it :
Provided that the Treasurer m a y make payments,
not exceeding twenty pounds in any one case, to
meet the funeral expenses of the deceased and to
give immediate relief to the family of the deceased.
(2) For the purposes of the proviso to paragraph (1)
the family of the deceased shall include his widow and
children, including any children adopted under any