Singapore legislation

Regulation 42

of Singapore Armed Forces (SAVER Plan) Regulations

Regulation 42

Option

Subregulation 1

A serviceman to whom this Part applies shall be given an option to convert to the SAVER Plan according to Option A, Option B, Option C or Option D, as the case may be, or remain in the pensionable service.

Subregulation 2

Any option exercised by the serviceman shall be irrevocable except that he may be required by the Armed Forces Council to revert to the pensionable service.