On 23/05/2013,
you requested for the version in force on 23/05/2013
incorporating all amendments published on or before 23/05/2013.
The closest version currently available is that of 01/06/2012.
PART VII
CONVERSION TO PREMIUM PLAN
42. Subject to regulation 2A, this Part shall apply to all soldiers who, immediately before 1st January 2000, are eligible to any pension, gratuity or other allowance under the Singapore Armed Forces (Pensions) Regulations (Rg 9).
43. A soldier to whom this Part applies shall be given an option to convert to the Premium Plan and he may opt —
(a)
to convert to the Premium Plan in which case the Board shall cause to be credited to the serviceman’s accounts under the Premium Plan, the amounts in accordance with regulation 44; or
(b)
to remain in his former scheme of service.
44.
—(1) Where a serviceman who was on contract service immediately prior to his conversion on 31st March 2000 exercises an option to convert to the Premium Plan, the Board shall cause to be credited —
(a)
to his CARE Account, an amount determined in accordance with the formula
Where BP | is the serviceman’s last drawn basic pay as of 30th March 2000; and |
CS | is the total length of contract service rendered by the serviceman immediately prior to 31st March 2000, excluding any period in respect of which the serviceman was granted a gratuity for his service under the Singapore Armed Forces (Pensions) Regulations; |
(b)
[Deleted by S 709/2004 wef 01/12/2004]
(2) Where a serviceman who was on non-pensionable service immediately prior to his conversion on 31st March 2000, exercises an option to convert to the Premium Plan, the Board shall cause to be credited to —
(a)
his CARE Account —
(i)
an amount determined in accordance with the formula
Where PE | is the serviceman’s last drawn pensionable emoluments as of 30th March 2000; |
NPS | is the total length of non-pensionable service rendered by the serviceman immediately prior to 31st March 2000 including any period served on the non-pensionable service within his first 10 years of reckonable service but excluding — (A) any period in respect of which the serviceman was granted a gratuity for his service under the Singapore Armed Forces (Pensions) Regulations; and (B) any period served after the age of 40 years in the case of Master Sergeants and below or after the age of 45 years in the case of Warrant Officers; |
BP | is the serviceman’s last drawn basic pay prior to conversion to the non-pensionable service; and |
CS | is the total length of contract service rendered by the serviceman prior to conversion to the non-pensionable service excluding any period in respect of which the serviceman was granted a gratuity for his service under the Singapore Armed Forces (Pensions) Regulations (Rg 9) and any period served within his first 10 years of reckonable service; and |
(ii)
in the case of a serviceman who had rendered pensionable service prior to his conversion to the non-pensionable service, either —
(A)
where the pensionable service rendered did not exceed 10 years, an amount determined in accordance with the formula
Where PE | is the serviceman’s last drawn pensionable emoluments prior to conversion to the non-pensionable service; and |
PS | is the total length of pensionable service rendered by the serviceman prior to conversion to the non-pensionable service; or |
(B)
where the pensionable service rendered exceeded 10 years, an amount determined in accordance with the formula
Where PE | is the serviceman’s last drawn pensionable emoluments prior to conversion to the non-pensionable service; and |
PS | is the total length of pensionable service rendered by the serviceman prior to conversion to the non-pensionable service; and |
(b)
[Deleted by S 709/2004 wef 01/12/2004]
(3) Where a serviceman who was on pensionable service immediately prior to his conversion on 31st March 2000, exercises an option to convert to the Premium Plan, the Board shall cause to be credited to his CARE Account an amount determined in accordance with the formula
Where PE | is the serviceman’s last drawn pensionable emoluments as of 30th March 2000; and |
PS | is the total length of pensionable service rendered by the serviceman immediately prior to 31st March 2000, excluding any period in respect of which the serviceman was granted a gratuity for his service under the Singapore Armed Forces (Pensions) Regulations. |
45. No member who has exercised the option to convert to the Premium Plan under regulation 43 shall be credited with any amount under regulation 44 if he is —
(a)
discharged on any of the grounds specified in regulations 17 and 18 of the Enlistment Regulations (Cap. 93, Rg 1);
(b)
discharged with ignominy; or
(c)
dismissed as a result of a sentence of a subordinate military court or Military Court of Appeal or a sentence substituted by the Armed Forces Council.