Allocation of Contributions. a) In the case of joint provident fund schemes, the employee and employer must make a choice in an express manner for the investment of their respective contributions and without prejudice to the employer's transferring the right to invest the contributions to the related employee, but the transfer must be applicable under the same conditions to all of his or her employees. b) The employee shall have the right to invest the contributions of his or her employer when satisfying the requirement for obtaining the full amount of the employer's contribution benefits. c) The fund management entities must notify the employee of exercising the right referred to in the preceding paragraph, at least 60 days before the employee gains the related right. d) In the case of individual provident fund schemes, the account owner shall invest the contributions in his or her selected investment instruments by distributing their contributions by percentage.
Appears in 4 contracts
Samples: Joint Provident Fund Scheme Agreement, Provident Fund Scheme Agreement, Provident Fund Scheme Agreement
