Singapore legislation
Regulation 17AA
Regulation 17AA
Contributions
Subregulation 1
Subject to these Regulations, the Board must cause the following amounts to be credited to the SAVER Account of each Category B member:
in respect of the period that the member is a Category B member but excluding any period beyond the member’s SAVER end date, the following:
a monthly contribution at 15% of the Category B member’s SAVER salary;
if the Category B member is a Timescale Combat Officer — an additional monthly contribution at 2% of the Category B member’s SAVER salary;
if the Category B member is a Superscale Combat Officer — an additional monthly contribution at 8% of the Category B member’s SAVER salary;
if the Category B member is a re-enlisted officer — an additional contribution at the rate and under any conditions that the Armed Forces Council may determine in a General Order;
any dividend declared by the Board under paragraph (4).
Subregulation 2
The Board must, subject to the directions of the Armed Forces Council, credit to the SAVER Account mentioned in paragraph (1), every contribution and dividend in the manner that the Armed Forces Council may direct, and the Armed Forces Council may give different directions in respect of different classes of Category B members.
Subregulation 3
Despite paragraph (1), no contributions may be credited to a Category B member’s SAVER Account in respect of —
any period of service forfeited by sentence of a subordinate military court or Superior Commander or as a result of a decision of the Military Court of Appeal or a review of the Armed Forces Council, other than service forfeited for the purposes of promotion, in accordance with the provisions of the Act or any other written law for the time being in force;
the whole period of absence without leave;
the whole period of desertion;
the whole period of detention or special detention or imprisonment while undergoing a sentence awarded by a subordinate military court or the Military Court of Appeal or disciplinary officer;
the whole period of imprisonment or detention as a result of his conviction on a charge by a civil court;
the whole period of remand, custody, confinement, detention, open arrest or close arrest or suspension from duty while waiting for trial by the civil authority or military authority on a charge of which the Category B member is subsequently convicted if during the period he has received no pay;
the whole period in which the Category B member’s pay is forfeited; or
the whole period of leave of absence without any pay granted to the Category B member, except for the following periods:
the whole period of no pay maternity leave;
the whole period of unpaid infant care leave as the Armed Forces Council may determine in a General Order;
the whole period of unpaid leave for unexpected care needs as the Armed Forces Council may determine in a General Order.
Subregulation 4
The Board may declare a dividend, out of the net income and net unrealised profits of the SAVER-Premium Fund for each financial year, to the following accounts and cause the dividend to be credited to those accounts:
a Category B member’s SAVER Account;
if the Category B member is an opted Category B member — the member’s CPF Top-Up Account and Savings Account in the SAVER-Premium Fund.
Subregulation 5
In this regulation —
Definition
“net income” has the meaning given by regulation 2 of the Singapore Armed Forces (SAVER-Premium Fund) Regulations;
Definition
“re-enlisted officer” means any of the following persons who re-enlists for regular service, on or after 1 July 2025, as an officer:
a member who before 1 July 2025 was a former member;
a former Category A member or former Category B member.