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31. Option for officers in permanent establishment and contract service

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(1)

Any uniformed service officer who is in the permanent establishment or contract service and subject to conditions imposed by Minister, shall be given an option to convert to the INVEST Plan, or remain in their existing scheme of service.

(2)

Any option exercised by the officer shall be irrevocable except that he may be required by the Minister to revert to the pensionable service, if he was in the pensionable service prior to his conversion to INVEST Plan.

Subregulation 1

Any uniformed service officer who is in the permanent establishment or contract service and subject to conditions imposed by Minister, shall be given an option to convert to the INVEST Plan, or remain in their existing scheme of service.

Subregulation 2

Any option exercised by the officer shall be irrevocable except that he may be required by the Minister to revert to the pensionable service, if he was in the pensionable service prior to his conversion to INVEST Plan.

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