Singapore legislation
Regulation 49
Regulation 49
Preserved benefits for former military expert formerly on Premium Plan
Subregulation 1
This regulation applies in relation to a serviceman who —
opted to be transferred to the military domain experts service under regulation 37(1) of the MDES Regulations; and
subsequently opts to convert to the Premium Plan under regulation 47.
Subregulation 2
All the following moneys remain as moneys standing to the credit of the serviceman in his CPF Top-Up Account (if any) and CARE Account, respectively, under these Regulations:
the moneys standing to the serviceman’s credit in his CPF Top-Up Account (if any) and CARE 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 37(4) of the MDES Regulations before the date of the serviceman’s conversion to the Premium Plan.