Singapore legislation

Schedule 6

of Singapore Armed Forces (SAVER Plan) Regulations

Schedule 6

Vesting scale for Retirement Account for officers who opt into SAVER

SIXTH SCHEDULERegulation 46Vesting scale for Retirement Account for officers who opt into SAVER1. Where a member referred to in regulation 46 has, on 1st April 1998, attained any age specified in the second to fifth columns below, the portion of moneys in his Retirement Account as is specified in the same column shall vest on the member subsequently attaining the age specified in the first column.First columnSecond columnThird columnFourth columnFifth column Below 30 years of age30 years of age and above but less than 35 years of age35 years of age and above but less than 40 years of age40 years of age and aboveAge at date of retirementMembers other than Pilots and officers of and above the rank of ColonelPilots and officers of the rank of Colonel and aboveMembers other than Pilots and officers of and above the rank of ColonelPilots and officers of the rank of Colonel and aboveMembers other than Pilots and officers of and above the rank of ColonelPilots and officers of the rank of Colonel and aboveMembers other than Pilots and officers of and above the rank of ColonelOfficers of the rank of Colonel and abovePilots30nilnilnilnilnilnilnilnilnil315%5%nilnilnilnilnilnilnil325%5%5%5%nilnilnilnilnil335%5%5%5%5%5%nilnil5%345%5%5%5%5%5%5%5%5%3510%10%5%5%5%5%5%5%5%3620%20%10%10%5%5%5%5%5%3735%35%20%20%10%10%5%5%10%3850%50%35%35%20%20%10%10%20%3965%65%50%50%35%35%20%20%35%4080%80%65%65%50%50%35%35%50%4190%90%80%80%65%65%50%50%65%42100%90%90%90%80%80%65%65%80%43100%90%100%90%90%90%80%80%90%44100%100%100%100%100%100%90%90%100%45100%100%100%100%100%100%100%100%100%2. For the purposes of paragraph 1, a person shall be deemed to have attained the age prescribed in that paragraph on the anniversary of his birthday.[G.N. Nos. S 187/98; S 191/2000][S 438/2025 wef 01/07/2025]