Singapore legislation
Regulation 17A
Regulation 17A
Special arrangements for dual career officers
Subregulation 1
Notwithstanding any provision in these Regulations to the contrary, where a member retires from the Singapore Armed Forces in order to be appointed as a public officer in a pensionable office in the Singapore Civil Service (referred to in these Regulations as a former SAVER member), and his period of service in the Singapore Armed Forces is not counted as pensionable service for the purposes of the Pensions Act 1956 —
all contributions to his Retirement Account or SAVER Account (as the case may be), Savings Account (if any) and CPF Top-Up Account (if any) shall cease with effect from the date of his retirement;
his Retirement Account or SAVER Account (as the case may be) and Savings Account (if any) shall not close but remain open until the relevant date, and interest on the moneys in those accounts at such rate as the Armed Forces Council may determine shall continue to be credited into his accounts in lieu of any dividend declared under regulation 13(4) or 17AA(4) (as the case may be) until the moneys are paid to him in accordance with these Regulations;
if he retires from the Singapore Armed Forces before the vested sums in his Retirement Account or SAVER Account (as the case may be) and Savings Account (if any) have fully vested in him, the former SAVER member may, at his option, be awarded —
on his retirement, such sums in his Retirement Account or SAVER Account (as the case may be) and Savings Account (if any) that have vested under regulation 17 or 17AG (as the case may be), and the balance of moneys in those Accounts (together with interest on those moneys) subsequently at the relevant date if he is still a public officer in the Singapore Civil Service; or
all moneys in his Retirement Account or SAVER Account (as the case may be) and Savings Account (if any) (together with interest on those moneys) at the relevant date if he is still a public officer in the Singapore Civil Service; and
if he retires from the Singapore Armed Forces before his SAVER end date but after the vested sums in his Savings Account and Retirement Account have fully vested in him, all the vested sums may be awarded to the former SAVER member.
Subregulation 2
If the former SAVER member referred to in paragraph (1)(c) resigns or is dismissed from the Singapore Civil Service before the relevant date —
the sum that may be subsequently awarded to him under paragraph (1)(c)(i) shall be forfeited forthwith and transferred to the Forfeiture Account of the SAVER-Premium Fund; or
an amount equal to the vested sums in his Retirement Account or SAVER Account (as the case may be) and Savings Account (if any) at the date of his retirement from the Singapore Armed Forces may be awarded to the former SAVER member on his resignation or dismissal, as the case may be, and the balance in his Retirement Account or SAVER Account (as the case may be) and Savings Account (if any) shall be forfeited and transferred to the Forfeiture Account of the SAVER-Premium Fund.
Subregulation 3
Notwithstanding any provision in these Regulations to the contrary, where a former SAVER member’s period of service in the Singapore Armed Forces is to be counted as pensionable service for the purposes of the Pensions Act 1956, then with effect from the date of his retirement from the Singapore Armed Forces —
his Retirement Account or SAVER Account (as the case may be) and Savings Account (if any) shall close and all moneys in these Accounts shall be forfeited and transferred to the Forfeiture Account of the SAVER-Premium Fund; and
his CPF Top-Up Account (if any) shall close and all moneys in the account shall be forfeited and transferred to the Forfeiture Account of the SAVER-Premium Fund except an amount equal to the difference between —
the amount of contributions paid by the Government under the Central Provident Fund Act 1953 in respect of the former SAVER member on his gross salary during his period of reckonable service in the Singapore Armed Forces; and
the amount of contributions that would have been payable by the Government under the Central Provident Fund Act 1953 in respect of the former SAVER member on ordinary wages equal to the gross salary if he was a public officer in a pensionable office in the Singapore Civil Service during that same period,which shall be transferred to the former SAVER member’s CPF Account with the CPF Board.
Subregulation 4
The Board may, on the application of a former SAVER member made at anytime on or after his SAVER end date or (as the case may be) on or after his resignation or dismissal from the Singapore Civil Service, authorise the payment to the former SAVER member of the relevant sum awarded under paragraph (1) or (2), as the case may be.
Subregulation 5
In this regulation, “relevant date”, in relation to a former SAVER member, means —
his SAVER end date; or
the date the whole of the vested sum in his Retirement Account vests in him,whichever is the earlier.