Singapore legislation
Schedule 2
Schedule 2
Vesting for Savings andRetirement Accounts — Category A members
SECOND SCHEDULERegulation 17Vesting for Savings andRetirement Accounts — Category A members
1. The portion of moneys in a Category A member’s Savings Account as is specified in the second column below shall vest in the member completing the number of years of reckonable service as are specified in the first column.Length of reckonable service in years or part thereofSavings AccountVestingNot more than 6 yearsNilMore than 6 years but not more than 7 years20%More than 7 years but not more than 8 years40%More than 8 years but not more than 9 years60%More than 9 years but not more than 10 years80%More than 10 years100%.[S 438/2025 wef 01/07/2025]2. The portion of moneys in a Category A member’s Retirement Account as is specified in the second column shall vest in the member on his attaining the age specified in the first column in relation to that portion unless the member has not completed 11 complete years of reckonable service.First columnSecond columnAge at date of retirementor resignationVesting for pilot ofany rank or any othermember whoseSAVER end date is44 years of ageVesting for any memberwhose SAVER end dateis 42 or 45 years of age315%5%325%5%335%5%345%5%3510%10%3620%20%3735%35%3850%50%3965%65%4080%80%4190%90%4290%100%4390%100%44100%100%[S 150/2024 wef 01/03/2024][S 438/2025 wef 01/07/2025]3. [Deleted by S 848/2025 wef 01/01/2026]