Singapore legislation

Section 3

of Home Affairs Uniformed Services Superannuation Act 2001

Section 3

Establishment of INVEST Plan

(1)

The Minister must by regulations establish an occupational superannuation scheme to be known as the INVEST Plan for the benefit of —

(a)

all civil defence officers appointed on or after the commencement of the regulations;

(b)

all narcotics officers appointed on or after the commencement of the regulations;

(c)

all police officers appointed on or after the commencement of the regulations;

(d)

all prison officers appointed on or after the commencement of the regulations; and

(e)

all intelligence officers who are appointed on or after the commencement of the regulations, including those who were members immediately before becoming intelligence officers,who will or (as the case may be) continue to be members of the scheme.

(2)

The regulations made under subsection (1) must provide for the payment of —

(a)

any gratuity, allowance, superannuation or other like benefit to members of the INVEST Plan, or to their legal personal representatives or dependants, on the death of the member in service or on the resignation, retirement or discharge of the member from the service;

(b)

any pension, gratuity, allowance, compensation or other benefit in respect of the death of or injuries received by any member of the INVEST Plan in and which are attributable to service; and

(c)

any allowance, subsidy or other benefit to such former members of the INVEST Plan as may be prescribed after their retirement from the uniformed services.

(3)

The regulations made under subsection (1) may provide —

(a)

for the payment of contributions by the Board in respect of each member, and different rates of contributions may be prescribed for different classes of uniformed service officers who are members; and

(b)

for the age or ages at which a member may retire or be retired from the service.

Read in full context — Home Affairs Uniformed Services Superannuation Act 2001 →