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Withdrawals and vesting of contributions

Home Affairs Uniformed Services (INVEST Plan) Regulations

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—(1) Subject to these Regulations, the following amounts, where applicable, shall vest in a member and may be awarded in respect of that member as follows:(a)such portion of the moneys standing to the member’s credit in his Retention Account as specified in the Second Schedule in relation to the length of reckonable service in years or part thereof;(b)such portion of the moneys standing to the member’s credit in the member’s Retirement Account as specified in the Second Schedule in relation to the member’s age as at —(i)the date of the member’s retirement;(ii)the date of the member’s resignation; or(iii)the date of the member’s transfer from the service —(A)to another scheme of service in the public service; or(B)to the employment of any statutory body approved by the Minister before the transfer, by virtue of any written law.(c)[Deleted by S 906/2018 wef 01/01/2019](1A) Notwithstanding paragraph (1) —(a)where a member retires from the service on any ground specified in regulation 11(1)(a), (b), (c), (d), (e), (g) or (h); or(b)where a member dies or has his service terminated due to total or permanent disability,all moneys standing to the member’s credit in his Retention Account or Retirement Account or both, as the case may be, shall vest in the member and may be awarded in respect of that member.(2) Notwithstanding paragraph (1) or (1A) —(a)where a member retires from service on the ground specified in regulation 11(1)(e) following disciplinary proceedings by or under the authority of the Public Service Commission or by a disciplinary officer under that service, all moneys standing to the member’s credit in his Retention Account or Retirement Account or both, which have vested in him under paragraph (1A) may be forfeited or reduced to the extent as determined by the award officer; and(b)where a member retires from service on the ground specified in regulation 11(1)(f), such portion of the moneys standing to the member’s credit in his Retention Account or Retirement Account, as the case may be, which has vested in the member under paragraph (1) may be increased to the extent and paid in such manner as determined by the award officer.(2A) Notwithstanding paragraph (1) or (1A), no sum credited to a member’s Retirement Account under regulation 33 shall vest in the member unless the member retires on the ground specified in regulation 11(1)(a) or (c).(3) Despite paragraph (1)(b)(ii) or (iii)(A), any sum in a member’s Retirement Account does not vest in the member unless the member has served at least 10 years of reckonable service while being a member.(3A) For the purposes of counting the period of reckonable service mentioned in paragraph (3) in relation to a member who transfers on 2 or more occasions on or after 1 January 2019 from the service to another scheme of service in the public service, only the period of reckonable service served continuously immediately before the latest transfer may be taken into account.(3B) Paragraphs (3) and (3A) do not apply to a member who transfers from the service to the Administrative Service.(4) The Board may, on the application of any person entitled to apply under regulation 20, authorise the payment to that person of the sum vested in the member in accordance with paragraphs (1), (1A), (2), (2A) and (3).(5) Where a member is dismissed from the service or discharged from the Police Force, the Board may, on the application of any person entitled to apply under regulation 20, authorise the payment to that person of such moneys in the member’s Retention Account and Retirement Account not forfeited by the award officer under regulation 17.(6) The Board must close every member’s CPF Top-Up Account with effect from 1 January 2019 and transfer all moneys in that member’s CPF Top-Up Account as at 31 December 2018 to the Central Provident Fund Board to be credited to that member’s account in the Central Provident Fund.(7) The Board shall credit to the Provisional Account of the Fund any balance of moneys in the closed Retention Account or Retirement Account of any member after the amount allowed to be withdrawn under these Regulations has been paid. (8) In paragraph (3), “reckonable service” shall not include service which would otherwise be reckonable under regulation 8(e).

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