Singapore legislation
Regulation 44
Regulation 44
Preserved benefits
Subregulation 1
Where a serviceman who was on contract service immediately prior to his conversion on 31st March 2000 exercises an option to convert to the Premium Plan, the Board shall cause to be credited —
to his CARE Account, an amount determined in accordance with the formulaWhere BPis the serviceman’s last drawn basic pay as of 30th March 2000; andCSis the total length of contract service rendered by the serviceman immediately prior to 31st March 2000, excluding any period in respect of which the serviceman was granted a gratuity for his service under the Singapore Armed Forces (Pensions) Regulations;
[Deleted by S 709/2004 wef 01/12/2004]
Subregulation 2
Where a serviceman who was on non-pensionable service immediately prior to his conversion on 31st March 2000, exercises an option to convert to the Premium Plan, the Board shall cause to be credited to —
his CARE Account —
an amount determined in accordance with the formulaWhere PEis the serviceman’s last drawn pensionable emoluments as of 30th March 2000;NPSis the total length of non-pensionable service rendered by the serviceman immediately prior to 31st March 2000 including any period served on the non-pensionable service within his first 10 years of reckonable service but excluding —
any period in respect of which the serviceman was granted a gratuity for his service under the Singapore Armed Forces (Pensions) Regulations; and
any period served after the age of 40 years in the case of Master Sergeants and below or after the age of 45 years in the case of Warrant Officers;BPis the serviceman’s last drawn basic pay prior to conversion to the non-pensionable service; andCSis the total length of contract service rendered by the serviceman prior to conversion to the non-pensionable service excluding any period in respect of which the serviceman was granted a gratuity for his service under the Singapore Armed Forces (Pensions) Regulations (Rg 9) and any period served within his first 10 years of reckonable service; and
in the case of a serviceman who had rendered pensionable service prior to his conversion to the non-pensionable service, either —
where the pensionable service rendered did not exceed 10 years, an amount determined in accordance with the formulaWhere PEis the serviceman’s last drawn pensionable emoluments prior to conversion to the non-pensionable service; andPSis the total length of pensionable service rendered by the serviceman prior to conversion to the non-pensionable service; or
where the pensionable service rendered exceeded 10 years, an amount determined in accordance with the formulaWhere PEis the serviceman’s last drawn pensionable emoluments prior to conversion to the non-pensionable service; andPSis the total length of pensionable service rendered by the serviceman prior to conversion to the non-pensionable service; and
[Deleted by S 709/2004 wef 01/12/2004]
Subregulation 3
Where a serviceman who was on pensionable service immediately prior to his conversion on 31st March 2000, exercises an option to convert to the Premium Plan, the Board shall cause to be credited to his CARE Account an amount determined in accordance with the formulaWhere PEis the serviceman’s last drawn pensionable emoluments as of 30th March 2000; andPSis the total length of pensionable service rendered by the serviceman immediately prior to 31st March 2000, excluding any period in respect of which the serviceman was granted a gratuity for his service under the Singapore Armed Forces (Pensions) Regulations.