51. Preserved benefits for former military expert formerly on SAVER Plan

This regulation applies in relation to a serviceman who —

opted to be transferred to the military domain experts service under regulation 36(1) of the MDES Regulations; and

subsequently opts to convert to the SAVER Plan under regulation 49.

All the following moneys remain as moneys standing to the credit of the serviceman in his Retirement Account or SAVER Account (as the case may be), Savings Account (if any) and CPF Top-Up Account (if any), respectively, under these Regulations:

the moneys standing to the serviceman’s credit in each account immediately before the date of his transfer to the military domain experts service under paragraph (1)(a);

all the dividends credited by the Board to the serviceman’s accounts in the SAVER-Premium Fund under regulation 36(3) of the MDES Regulations before the date of the serviceman’s conversion to the SAVER Plan.

This regulation applies in relation to a serviceman who —

opted to be transferred to the military domain experts service under regulation 36(1) of the MDES Regulations; and

subsequently opts to convert to the SAVER Plan under regulation 49.

All the following moneys remain as moneys standing to the credit of the serviceman in his Retirement Account or SAVER Account (as the case may be), Savings Account (if any) and CPF Top-Up Account (if any), respectively, under these Regulations:

the moneys standing to the serviceman’s credit in each account immediately before the date of his transfer to the military domain experts service under paragraph (1)(a);

all the dividends credited by the Board to the serviceman’s accounts in the SAVER-Premium Fund under regulation 36(3) of the MDES Regulations before the date of the serviceman’s conversion to the SAVER Plan.