Singapore legislation
Regulation 11
of Home Affairs Uniformed Services (INVEST Fund) Regulations
Regulation 11
Subsidiary accounts of Contribution Account
Subregulation 1
The Board shall also maintain the following subsidiary accounts within the Contribution Account in respect of each member of the INVEST Plan and the Scheme:
in the case of members of the INVEST Plan —
a Retirement Account for every senior officer and junior officer; or
a Retention Account for every eligible junior officer, eligible senior officer, eligible transferred junior officer and eligible transferred senior officer; or
[Deleted by S 905/2018 wef 01/01/2019](b)in the case of members of the Scheme —
a Retirement Account and a Central Provident Fund Top-Up Account for a CPIB senior officer; or
a Retirement Account and a Retention Account for a CPIB junior officer.
Subregulation 2
The Board shall credit to the subsidiary accounts of members of the INVEST Plan or the Scheme, as the case may be —
all contributions and benefits at the rates prescribed by the Home Affairs Uniformed Services (INVEST Plan) Regulations or the Prevention of Corruption (Occupational Superannuation Scheme) Regulations 2003, as the case may be; and
any dividend declared by the Board under paragraph (3).
Subregulation 3
The Board may, during or after each financial year, declare one or more dividends out of the net income and net unrealised profits of the Fund for that financial year or credit interest at such rate as the Board shall determine for that financial year to any of the subsidiary accounts of each member of the INVEST Plan or the Scheme, as the case may be.