Singapore legislation
Schedule 1
Schedule 1
Vesting for CARE Accounts — Category A members
FIRST SCHEDULERegulations 12(1) and 18(1), (1B) and (1C) Vesting for CARE Accounts — Category A members
1. Vesting for Category A members (other than naval divers under paragraph 3 or Category A members under paragraph 4) who —
enlisted for regular service as soldiers on the Premium Plan between 1st January 2000 and 31st March 2010 (both dates inclusive), and retire or resign from the Singapore Armed Forces at the rank of Warrant Officer or above; or (b)converted to the Premium Plan between 31st March 2000 and 31st March 2010 (both dates inclusive) and retire or resign at the rank of Warrant Officer or above:Age of Category A member at date of retirement or resignation (years)Portion of moneys in a Category A member’s CARE Account that will vest in him33 and below20%3425%3530%3635%3740%3845%3950%4055%4160%4265%4370%4475%4580%4680%4785%4890%4995 %50 and above100%.[S 739/2020 wef 01/09/2020][S 847/2025 wef 01/01/2026]2. Vesting for Category A members (other than naval divers under paragraph 3 or Category A members under paragraph 4) who enlisted for regular service as soldiers on the Premium Plan, or converted to the Premium Plan, on or after 31st March 2000 and retire or resign at a rank below the rank of Warrant Officer:Age of Category A member at date of retirement or resignation (years)Portion of moneys in a Category A member’s CARE Account that will vest in him33 and below20%3425%3530%3635%3740%3845%3950%4055%4160%4265%4370%4475%4580%4680%4785%48100%49100%50100%.[S 739/2020 wef 01/09/2020][S 847/2025 wef 01/01/2026]3. Vesting for naval divers who are Category A members and who ––
receive the first contribution to their CARE Account on or after 1st January 2007; or
opt on or after 1st January 2007 to have their CARE Account vest according to the vesting scale in this paragraph,and retire or resign from the Singapore Armed Forces, at the age of 45 years or below:Age of Category A member at date of retirement or resignation (years)Portion of moneys in a Category A member’s CARE Account (inclusive of ND-CARE benefit) that will vest in him33 and below15%3420%3520%3625%3730%3830%3935%4050%4160%4270%4380%4490%45100%.[S 169/2007 wef 01/01/2007][S 553/2005 wef 01/08/2005][S 847/2025 wef 01/01/2026]4. Vesting for Category A members (other than naval divers under paragraph 3) who enlisted for regular service as soldiers on the Premium Plan on or after 1st April 2010, or who transferred from the military domain experts service to become soldiers on the Premium Plan, and retire or resign at the rank of Warrant Officer or above:Age of Category A member at date ofretirement or resignation(years)Portion of moneys in aCategory A member’s CARE Accountthat will vest in him33 and below10%3420%3530%3635%3740%3845%3950%4055%4160%4265%4370%4475%4580%4680%4785%4890%4995%50 and above100%.[S 189/2010 wef 01/04/2010][S 739/2020 wef 01/09/2020][S 847/2025 wef 01/01/2026]5. [Deleted by S 847/2025 wef 01/01/2026][S 847/2025 wef 01/01/2026]