Singapore legislation

Clause 12

of Singapore Armed Forces (Amendment) Bill

Clause 12

Amendment of section 205B

Section 205B of the principal Act is amended —

(a)

by deleting the words “Savings and Employee Retirement Plan Fund (referred to in this Act as the SAVER Fund)” in subsection (1) and substituting the words “Savings and Employee Retirement and Premium Fund (referred to in this Act as the SAVER-Premium Fund)”;

(b)

by inserting, immediately after the words “SAVER Plan” wherever they appear in subsections (2), (4) and (5), the words “or the Premium Plan”;

(c)

by deleting the words “SAVER Fund” wherever they appear in subsections (2) to (7) and substituting in each case the words “SAVER-Premium Fund”; and

(d)

by deleting the words “SAVER Income Account” in subsection (6) and substituting the words “SAVER-Premium Income Account”.

Read in full context — Singapore Armed Forces (Amendment) Bill →