Schedule 1

FIRST SCHEDULERegulation 12 RATES AND CONTRIBUTIONS FOR RETENTION ACCOUNT AND RETIREMENT ACCOUNT1. Subject to paragraph 2, the amount specified in the second column shall be credited to the Retention Account of a member who is an eligible junior officer at the intervals specified in the first column:First column Second columnLength of reckonable service in years or part thereof Retention Account Contribution RateOn completion of 1 year of service up to 6th year of service 1 month of gross salaryOn completion of 7 years of service up to 10th year of service 1.5 month of gross salaryMore than 10 years up to the member’s INVEST contribution cessation date Nil except that a one time contribution of $3,700 will be made on 1st October 2001 for those who have more than 10 years service as at 1st October 2001.[S 627/2013 wef 01/10/2013][S 906/2018 wef 01/01/2019]2. The one time contribution of $3,700 in respect of members who have more than 10 years of reckonable service shall not apply to junior officers in the Prisons Service who had previously received a similar gratuity under the Special Allowance Gratuity Scheme.

3. The amount of contributions at the contribution rate specified in the second, third, fourth or fifth column (as the case may be) must be credited to a member’s Retirement Account subject to the length of the member’s reckonable service specified in the first column:First columnSecond columnThird columnFourth columnFifth columnLength of reckonable service in years or part thereofContribution rate for junior police officersContribution rate for junior officers other than junior police officersContribution rate for senior police officersContribution rate for senior officers other than senior police officers(a)Less than 4 years7.75%Nil13.25%Nil(b)More than 4 years up to the member’s INVEST contribution cessation date7.75%7.75%13.25%13.25%[S 906/2018 wef 01/01/2019]4. Notwithstanding paragraph 3, an additional 6% contribution shall be credited to the Retirement Account of a Senior Police Officer who is a Superscale appointment holder, up to his INVEST contribution cessation date.[S 627/2013 wef 01/10/2013]