Singapore legislation
Schedule 4
of Singapore Armed Forces (Military Domain Experts Service) Regulations 2010
Schedule 4
Vesting for Retirement Account or SAVER Account
FOURTH SCHEDULERegulation 36(4)(b) Vesting for Retirement Account or SAVER Account1A. Where a serviceman —
is a Category B member at the time of exercising an option to be transferred to the military domain experts service; and
if the serviceman is an opted Category B member at that time — has completed at least 11 complete years of reckonable service,the portion of moneys in the serviceman’s SAVER Account that vests in the serviceman is the portion specified in the second column in relation to his age specified in the first column.First columnSecond columnAge at date of retirement or resignation (years)Vesting for Category B members315%325%335%345%3510%3620%3735%3850%3965%4080%4190%4290%4390%44 and above100%[S 440/2025 wef 01/07/2025]1. Subject to paragraphs 2 to 5, the portion of moneys in a serviceman’s Retirement Account specified in the second or third column shall vest in the serviceman on his attaining the age specified in the first column in relation to that portion, unless the serviceman has completed less than 11 complete years of reckonable service.First column Second column Third columnAge at date of retirement or resignation (years) Vesting for members of SAVER Plan who were pilots or officers of or above the rank of Colonel immediately before their transfer to the military domain experts service Vesting for other members of SAVER Plan who are transferred to the military domain experts service31 5% 5%32 5% 5%33 5% 5%34 5% 5%35 10% 10%36 20% 20%37 35% 35%38 50% 50%39 65% 65%40 80% 80%41 90% 90%42 90% 100%43 90% 100%44 and above 100% 100%2. Where a serviceman who converted to the SAVER Plan on 1st April 1998 is less than 30 years of age on that date, the portion of moneys in the serviceman’s Retirement Account specified in the second or third column shall vest in the serviceman on his attaining the age specified in the first column in relation to that portion, unless the serviceman has completed less than 11 complete years of reckonable service.First column Second column Third columnAge at date of retirement or resignation (years) Vesting for members of SAVER Plan who were pilots or officers of or above the rank of Colonel before their transfer to the military domain experts service Vesting for other members of SAVER Plan who are transferred to the military domain experts service31 5% 5%32 5% 5%33 5% 5%34 5% 5%35 10% 10%36 20% 20%37 35% 35%38 50% 50%39 65% 65%40 80% 80%41 90% 90%42 90% 100%43 90% 100%44 100% 100%45 and above 100% 100%3. Where a serviceman who converted to the SAVER Plan on 1st April 1998 has attained 30 years of age, but is less than 35 years of age, on that date, the portion of moneys in the serviceman’s Retirement Account specified in the second or third column shall vest in the serviceman on his attaining the age specified in the first column in relation to that portion, unless the serviceman has completed less than 11 complete years of reckonable service.First column Second column Third columnAge at date of retirement or resignation (years) Vesting for members of SAVER Plan who were pilots or officers of or above the rank of Colonel immediately before their transfer to the military domain experts service Vesting for other members of SAVER Plan who are transferred to the military domain experts service31 Nil Nil32 5% 5%33 5% 5%34 5% 5%35 5% 5%36 10% 10%37 20% 20%38 35% 35%39 50% 50%40 65% 65%41 80% 80%42 90% 90%43 90% 100%44 100% 100%45 and above 100% 100%4. Where a serviceman who converted to the SAVER Plan on 1st April 1998 has attained 35 years of age, but is less than 40 years of age, on that date, the portion of moneys in the serviceman’s Retirement Account specified in the second or third column shall vest in the serviceman on his attaining the age specified in the first column in relation to that portion, unless the serviceman has completed less than 11 complete years of reckonable service.First column Second column Third columnAge at date of retirement or resignation (years) Vesting for members of SAVER Plan who were pilots or officers of or above the rank of Colonel immediately before their transfer to the military domain experts service Vesting for other members of SAVER Plan who are transferred to the military domain experts service31 Nil Nil32 Nil Nil33 5% 5%34 5% 5%35 5% 5%36 5% 5%37 10% 10%38 20% 20%39 35% 35%40 50% 50%41 65% 65%42 80% 80%43 90% 90%44 100% 100%45 and above 100% 100%5. Where a serviceman who converted to the SAVER Plan on 1st April 1998 has attained 40 years of age on that date, the portion of moneys in the serviceman’s Retirement Account specified in the second or third column shall vest in the serviceman on his attaining the age specified in the first column in relation to that portion, unless the serviceman has completed less than 11 complete years of reckonable service.First column Second column Third columnAge at date of retirement or resignation (years) Vesting for members of SAVER Plan who were pilots immediately before their transfer to the military domain experts service Vesting for other members of SAVER Plan who are transferred to the military domain experts service31 Nil Nil32 Nil Nil33 5% Nil34 5% 5%35 5% 5%36 5% 5%37 10% 5%38 20% 10%39 35% 20%40 50% 35%41 65% 50%42 80% 65%43 90% 80%44 100% 90%45 and above 100% 100%6. [Deleted by S 849/2025 wef 01/01/2026]7. In this Schedule, “Category B member” and “opted Category B member” have the meanings given by regulation 2(1) of the Singapore Armed Forces (SAVER Plan) Regulations.[S 440/2025 wef 01/07/2025][S 440/2025 wef 01/07/2025]