Singapore legislation
Regulation 18F
Regulation 18F
Withdrawals and vesting of contributions
Subregulation 1
Except where otherwise provided in these Regulations, where a Category B member retires or is required to retire from the Singapore Armed Forces on any of the grounds specified in regulation 11(a) to (h) or he resigns from the Singapore Armed Forces, the portion of moneys standing to the Category B member’s credit in his CARE Account that is specified in paragraph 1 of the Second Schedule in relation to the member’s age at the date of his retirement or resignation (as the case may be) vests in the Category B member and may be awarded in respect of that Category B member.
Subregulation 2
Where a Category B member retires or is required to retire from the Singapore Armed Forces on either of the grounds specified in regulation 11(i) and has completed at least 10 years of reckonable service, either of the following vests in the Category B member and may be awarded to him, at his option, subject to any conditions that the Armed Forces Council may, by General Order, impose:
the entire sum standing to his credit in his CARE Account at the date of his retirement;
his specified salary for each full year of his reckonable service and a proportion of that specified salary based on the total remaining months of his reckonable service (if any), capped at 25 full years.
Subregulation 3
In paragraph (2) —
Definition
“full year”, in relation to a Category B member’s reckonable service, means a whole calendar year, or the total of 12 whole calendar months from 2 or more calendar years, of the member’s reckonable service;
Definition
“specified salary”, in relation to a Category B member, means one month of the member’s last drawn salary, excluding any bonus or allowance;
Definition
“total remaining months”, in relation to a Category B member’s reckonable service, means the total number of whole calendar months of the member’s reckonable service not already accounted for as part of any full year of that member’s reckonable service.
Subregulation 4
Except where paragraph (2) applies, where a naval diver —
is an opted Category B member;
has attained 35 years of age before 1 January 2026; and
retires or resigns from the Singapore Armed Forces on or before attaining 45 years of age,the portion of moneys standing to the naval diver’s credit in his CARE Account that is specified in paragraph 2 of the Second Schedule in relation to his age at the date of his retirement or resignation (as the case may be) vests in the naval diver and may be awarded to him, subject to any conditions that the Armed Forces Council may, by General Order, impose.
Subregulation 5
Except where paragraph (2) applies, where a naval diver —
is an opted Category B member;
has attained 35 years of age before 1 January 2026; and
retires or resigns from the Singapore Armed Forces after attaining the age of 45 years,the higher of the following sums vests in the naval diver and may be awarded to him, subject to any conditions that the Armed Forces Council may, by General Order, impose:
the entire sum standing to his credit in his CARE Account at the age of 45 years, including the ND-CARE benefit;
the sum standing to his credit in his CARE Account according to the vesting scale in paragraph 1 of the Second Schedule at the date of his retirement or resignation, excluding the ND-CARE benefit received by him.
Subregulation 6
Despite paragraphs (1), (4) and (5) —
where a Category B member retires from the Singapore Armed Forces on the ground specified in regulation 11(b) or (d), the sum vested in the Category B member under paragraph (1), (4) or (5) may be reduced to the extent determined by the Armed Forces Council;
where a Category B member who has converted to the Premium Plan on 31 March 2000 retires from the Singapore Armed Forces on the ground specified in regulation 11(c), the sum vested in the member under paragraph (1), (4) or (5) may be increased to the extent determined by the Armed Forces Council; or
where a Category B member retires from the Singapore Armed Forces on the ground specified in regulation 11(e), (g) or (h), the sum vested in the Category B member under paragraph (1), (4) or (5) may be increased to the extent determined by the Armed Forces Council.
Subregulation 7
Despite any provision in these Regulations but subject to paragraph (8) and regulation 26(5), no sum in an opted Category B member’s CARE Account vests in the opted Category B member unless he has completed at least 12 complete years of reckonable service.
Subregulation 8
Paragraph (7) does not apply to an opted Category B member who retires on any of the grounds specified in regulation 11(c) or (i).
Subregulation 9
The Board may authorise the payment to the serviceman, or a person eligible to make an application under regulation 19, of the sum vested in the Category B member in accordance with paragraphs (1) to (8).
Subregulation 10
Where a Category B member is either discharged or dismissed in the circumstances referred to in regulation 18E, the Board may, on the application of the person entitled to apply under regulation 19, authorise the payment to the applicant of all moneys in the Category B member’s CARE Account not forfeited by the Armed Forces Council under regulation 18E.
Subregulation 11
Where a Category B member’s CPF Top-Up Account (if any) is closed under regulation 18C(2)(b), the Board must authorise the transfer of all moneys which have vested in the Category B member’s CPF Top-Up Account to the CPF Board to the credit of the Category B member’s account in the Central Provident Fund.
Subregulation 12
Where the total amount standing to the credit of a Category B member in the CPF after the transfer of moneys under paragraph (11) is less than the retirement sum prescribed for the purposes of section 15(6) of the Central Provident Fund Act 1953, the deficiency in the Category B member’s CPF account must be met out of the sum vested in the Category B member’s CARE Account.
Subregulation 13
The Board must credit to the Forfeiture Account of the SAVER-Premium Fund any balance of moneys in the closed CARE Account of a Category B member after the amount allowed to be withdrawn from that CARE Account under these Regulations has been paid.
Subregulation 14
For the purposes of this regulation and the Second Schedule, a Category B member attains the age mentioned in this regulation or that Schedule (as the case may be) on the relevant anniversary of his birthday.
Subregulation 15
For the purposes of paragraph (14) —
a reference to the anniversary of a Category B member’s birthday is a reference to the day on which the anniversary occurs; and
a Category B member who is born on 29 February is deemed to attain the age mentioned in this regulation or the Second Schedule (as the case may be) in any year that is not a leap year on 28 February of the year in which the member attains that age.