Singapore legislation
Regulation 34
of Prevention of Corruption (Occupational Superannuation Scheme) Regulations 2003
Regulation 34
Preserved pension
Amended byS 403/2019 wef 01/05/2019S 607/2023 wef 01/09/2023
Where a junior or senior officer in the pensionable service exercises an option to convert to the 2001 Scheme, the Board shall cause to be credited to his Retirement Account an amount determined in accordance with the formulaWhere PEis the pensionable officer’s last drawn pensionable emoluments as of 31st October 2001; andPSis the total length of pensionable service rendered by the officer immediately before 1st November 2001.