Singapore legislation
Regulation 24
of Home Affairs Uniformed Services (INVEST Plan) Regulations
Regulation 24
Death in service
Subregulation 1
Subject to regulation 29, where a member, other than a member referred to in paragraph (2), dies while he is in service, there shall be paid to such of his dependants as an award officer thinks fit or, if there are no dependants, to his personal representatives an amount of money equivalent to —
the total sum of moneys, whether vested or not, standing to the credit of the member in his Retirement Account and Retention Account, if applicable, at the date of his death; or
one year’s salary,whichever is greater.
Subregulation 2
Subject to regulation 29, where a member dies while he is in service, and he was in the pensionable service immediately before his conversion to the INVEST Plan, there shall be paid to such of his dependants as an award officer thinks fit or, if there are no dependants, to his personal representatives, an amount of money equivalent to —
all moneys, whether vested or not, standing to the credit of the member in his Retirement Account and Retention Account, if applicable, at the date of his death; or
an amount equivalent to the total benefits that would have been payable to the member under the Pensions Act 1956 if he had remained in the pensionable service at the time of his death,whichever is greater.
Subregulation 3
The moneys payable to a member under paragraph (1) or (2) shall be withdrawn from the moneys standing to the credit of the member in all his accounts maintained under the INVEST Plan, and if the moneys in these accounts are insufficient, the balance shall be withdrawn from the Income Account of the Fund.
Subregulation 4
In paragraph (1)(b), “salary”, in relation to a member, means the basic salary and monthly variable component of the member’s total monthly salary.