Singapore legislation

Regulation 14A

of Singapore Armed Forces (SAVER Plan) Regulations

Regulation 14A

Advance withdrawals from Savings Accounts or Retirement Accounts

Amended byS 438/2025 wef 01/07/2025S 438/2025 wef 01/07/2025S 438/2025 wef 01/07/2025S 848/2025 wef 31/12/2021S 516/2004 wef 01/07/2004S 438/2025 wef 01/07/2025S 516/2004 wef 01/07/2004S 438/2025 wef 01/07/2025S 516/2004 wef 01/07/2004S 438/2025 wef 01/07/2025

Subregulation 1

Amended byS 438/2025 wef 01/07/2025

Despite regulation 14, the Armed Forces Council may, on the application of any Category A member, authorise that member to withdraw in advance, an advance sum (or any part of that sum) from his Savings Account or Retirement Account or both while he is still in the regular service of the Singapore Armed Forces.

Subregulation 1A

Amended byS 438/2025 wef 01/07/2025

For the purposes of paragraph (1), the advance sum is the sum that would have vested in the member under regulation 17(1), and for this purpose the reference to the date of his retirement or resignation in sub-paragraphs (a) and (b) of that regulation is a reference to the date of the authorisation in paragraph (1).

Subregulation 2

Amended byS 438/2025 wef 01/07/2025

The Armed Forces Council may, in authorising a member to withdraw an advance sum under paragraph (1), impose such conditions as it thinks fit, including the interest payable on recovery or refund under paragraph (3) or (4) of the sum accordingly withdrawn.

Subregulation 3

Amended byS 848/2025 wef 31/12/2021S 516/2004 wef 01/07/2004S 438/2025 wef 01/07/2025

Without prejudice to paragraph (2), it shall be a condition of every authorisation under paragraph (1) for a member to withdraw an advance sum (or any part of that sum) from his Savings Account or Retirement Account that the Armed Forces Council can recover all or part of the advance sum so withdrawn (together with interest) if it is shown that the authorisation was obtained by wilful suppression of material facts or in ignorance of facts which, had they been known before the member retired or resigned or was dismissed or before the granting of such authorisation, would have justified —

(a)

his discharge on any of the grounds specified in regulation 17 or 18 of the Enlistment Regulations (Rg 1); or

(b)

his conviction of any offence by a subordinate military court or the Military Court of Appeal on appeal or by any civil court.

Subregulation 4

Amended byS 516/2004 wef 01/07/2004S 438/2025 wef 01/07/2025

Where any member is authorised under paragraph (1) to withdraw an advance sum (or any part of that sum) from his Savings Account or Retirement Account, and he is subsequently to be —

(a)

discharged on any of the grounds specified in regulation 17 or 18 of the Enlistment Regulations;

(b)

discharged with ignominy; or

(c)

dismissed as a result of the sentence of a subordinate military court or Military Court of Appeal or a sentence substituted by the Armed Forces Council,the member may be required by the Armed Forces Council to first refund all or part of the advance sum so withdrawn together with interest.

Subregulation 5

Amended byS 516/2004 wef 01/07/2004S 438/2025 wef 01/07/2025

Any sum that is recoverable under paragraph (3) or is to be refunded under paragraph (4), together with such interest thereon, shall be recoverable as a debt due to the Government and may be off-set against any other sum payable by the Government to that member under these Regulations.