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Singapore legislation

Regulation 3

of Singapore Armed Forces (SAVER-Premium Fund) Regulations

Regulation 3

Board of Trustees

Amended byS 781/2022 wef 28/10/2022

Subregulation 1

Amended byS 781/2022 wef 28/10/2022

There shall be a Board of Trustees consisting of —

(a)

the Permanent Secretary to the Ministry of Defence as Chairman;

(b)

the Chief of Defence Force;

(c)

the Chief of Army;

(d)

the Chief of Air Force;

(e)

the Chief of Navy;

(ea)the Chief of Digital and Intelligence Service;

(f)

the Deputy Secretary (Administration) of the Ministry of Defence; and

(g)

such other trustees, not being more than 7, as the Armed Forces Council may from time to time determine.

Subregulation 2

The trustees appointed under paragraph (1)(g) shall be appointed for a term of 3 years or for such shorter term as the Armed Forces Council may determine, and shall be eligible for re-appointment.

Subregulation 3

The Armed Forces Council may at any time revoke the appointment of the trustees under paragraph (1)(g).

Subregulation 4

The trustees may be paid such allowance as may be determined by the Armed Forces Council.

Subregulation 5

The Board shall manage and administer the SAVER-Premium Fund subject to the direction and control of the Armed Forces Council.