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Singapore legislation

Regulation 10

of Singapore Armed Forces (SAVER-Premium Fund) Regulations

Regulation 10

Application of SAVER-Premium Fund

Amended byS 710/2004 wef 01/12/2004

The moneys in the SAVER-Premium Fund shall only be withdrawn and applied to meet the payment of any one or more of the following:

(a)

any gratuity, allowance or other like benefit granted in accordance with the SAVER Plan or the Premium Plan to members of either Plan, or to their legal personal representatives or dependants, on the death, resignation or retirement of such members from the Singapore Armed Forces;

(b)

[Deleted by S 710/2004 wef 01/12/2004](c)[Deleted by S 710/2004 wef 01/12/2004](d)expenses relating to the granting of any such gratuity, allowance, compensation or other benefit referred to in paragraph (a) and expressly provided by written law to be met out of the SAVER-Premium Fund;

(e)

such other expenses relating to the administration, management and investment of moneys in the SAVER-Premium Fund; or

(f)

any loan or other benefit to members in accordance with the Singapore Armed Forces (SAVER Plan) Regulations (Rg 19) and the Singapore Armed Forces (Premium Plan) Regulations (Rg 22).