Defence Services Pension Part V Regulations (SOR/55-416)

42 (1) There shall be credited to the Permanent Services Pension Account

• (a) all contributions made by the contributor under Part V;

• (b) interest on the last day of each quarter in every fiscal year, namely, on the 30th day of June, on the 30th day of September, on the 31st day of December and on the 31st day of March, respectively, calculated at the rate of one per centum of the balance to the credit of the account on the last day of the preceding quarter;

• (c) the contribution made by the Government; and

• (d) all amounts transferred thereto under sections 9 and 12 hereof.

(2) There shall be charged to the Permanent Services Pension Account

• (a) all payments of benefits under Part V,

• (b) all amounts of contributions refunded pursuant to section 5, and

• (c) amounts of succession duties paid pursuant to section 33.