On 25/05/2013,
you requested for the version in force on 25/05/2013
incorporating all amendments published on or before 25/05/2013.
The closest version currently available is that of 01/06/2012.
FIFTH SCHEDULE
Vesting for Care Account
1. Subject to paragraph 3, where a serviceman is enlisted in the regular service of the Singapore Armed Forces before 1st April 2010, the portion of moneys in the serviceman’s CARE Account specified in the second or third column shall vest in the serviceman on his attaining the age specified in the first column in relation to that portion, unless the serviceman has completed less than 15 complete years of reckonable service.
First column | Second column | Third column | ||
Age at date of retirement or resignation (years) | Vesting for members of Premium Plan (other than naval divers) who were of the rank of Warrant Officer immediately before their transfer to the military domain experts service | Vesting for members of Premium Plan (other than naval divers) who were below the rank of Warrant Officer immediately before their transfer to the military domain experts service | ||
33 and below | 20% | 20% | ||
34 | 25% | 25% | ||
35 | 30% | 30% | ||
36 | 35% | 35% | ||
37 | 40% | 40% | ||
38 | 45% | 45% | ||
39 | 50% | 50% | ||
40 | 55% | 55% | ||
41 | 60% | 60% | ||
42 | 65% | 65% | ||
43 | 70% | 70% | ||
44 | 75% | 75% | ||
45 | 80% | 80% | ||
46 | 80% | 80% | ||
47 | 85% | 85% | ||
48 | 90% | 100% | ||
49 | 95% | 100% | ||
50 and above | 100% | 100% |
2. Subject to paragraph 3, where a serviceman is enlisted in the regular service of the Singapore Armed Forces on or after 1st April 2010, the portion of moneys in the serviceman’s CARE Account specified in the second or third column shall vest in the serviceman on his attaining the age specified in the first column in relation to that portion, unless the serviceman has completed less than 15 complete years of reckonable service.
First column | Second column | Third column | ||
Age at date of retirement or resignation (years) | Vesting for members of Premium Plan (other than naval divers) who were of the rank of Warrant Officer immediately before their transfer to the military domain experts service | Vesting for members of Premium Plan (other than naval divers) who were below the rank of Warrant Officer immediately before their transfer to the military domain experts service | ||
33 and below | 10% | 20% | ||
34 | 20% | 25% | ||
35 | 30% | 30% | ||
36 | 35% | 35% | ||
37 | 40% | 40% | ||
38 | 45% | 45% | ||
39 | 50% | 50% | ||
40 | 55% | 55% | ||
41 | 60% | 60% | ||
42 | 65% | 65% | ||
43 | 70% | 70% | ||
44 | 75% | 75% | ||
45 | 80% | 80% | ||
46 | 80% | 80% | ||
47 | 85% | 85% | ||
48 | 90% | 100% | ||
49 | 95% | 100% | ||
50 and above | 100% | 100% |
3. Where a serviceman was a naval diver immediately before his transfer to the military domain experts service, the portion of moneys in the serviceman’s CARE Account specified in the second column shall vest in the serviceman on his attaining the age specified in the first column in relation to that portion, unless the serviceman has completed less than 15 complete years of reckonable service.
First column | Second column | |
Age at date of retirement or resignation (years) | Vesting for members of Premium Plan who were naval divers immediately before their transfer to the military domain experts service | |
33 and below | 15% | |
34 | 20% | |
35 | 20% | |
36 | 25% | |
37 | 30% | |
38 | 30% | |
39 | 35% | |
40 | 50% | |
41 | 60% | |
42 | 70% | |
43 | 80% | |
44 | 90% | |
45 and above | 100% |
4. In this Schedule, unless the context otherwise requires, a serviceman shall be deemed to attain, or to have attained, “N” years of age, or the age of “N” years, on the “Nth” anniversary of the day of his birth, where —
(a)
“N” is a specified positive integer; and
(b)
“Nth” is the ordinal corresponding to that integer.