Section 18

The Board may accept any cash grant made by the Government for the benefit of any person who qualifies for such grant under the Scheme and the Board shall credit the cash grant into the account of the person as the

Minister may direct.

Any cash grant paid into the Scheme under subsection (1) shall be disbursed in accordance with the conditions of the cash grant.

Any cash grant paid into the Scheme under subsection (1)

is deemed to be contributions for the purposes of this Act, but such cash grant or dividend thereon shall not be withdrawn under any regulations made

National Retirement Scheme

B.L.R.O. 2/2024 19

under section 53 unless the regulations expressly provide for the withdrawal of such cash grant.

Notwithstanding anything in this Act, the Board shall be entitled to recover on behalf of the Government any cash grant paid into the Scheme for the benefit of any person, together with any service charge which he is liable to pay the Government under the conditions of the cash grant, from any money standing to the credit of the person if he has —

Any money recovered by the Board from any person under subsection (4) shall be refunded forthwith to the Government.