Singapore Armed Forces (SAVER Plan) (Amendment) Regulations 2003

Status:

Published in Subsidiary Legislation Supplement
on 31 Jul 2003

No. S 376

Singapore Armed Forces Act

(Chapter 295)

Singapore Armed Forces (Saver Plan) (Amendment) Regulations 2003

In exercise of the powers conferred by section 205A of the Singapore Armed Forces Act, the Armed Forces Council hereby makes the following Regulations:

Citation, commencement and application

1.—(1) These Regulations may be cited as the Singapore Armed Forces (SAVER Plan) (Amendment) Regulations 2003 and shall be deemed to have come into operation on 1st January 2003.

(2) These Regulations shall apply to any member dying on or after 1st January 2003.

Amendment of regulation 23

2. Regulation 23 of the Singapore Armed Forces (SAVER Plan) Regulations (Rg 19) is amended —

(a)

by deleting the word “and” at the end of paragraph (1)(a);

(b)

by deleting sub-paragraph (b) of paragraph (1) and substituting the following sub-paragraphs:

“(b)

a sum equivalent to the lump sum calculated for the death of a workman under the Third Schedule to the Workmen’s Compensation Act (Cap. 354), as if the member had been a workman under that Act; and

(c)

one of the following:

(i)

all moneys standing to the credit of the member in his Savings Account, Retirement Account and CPF Top-Up Account at the date of his death; or

(ii)

where the member was in the pensionable service immediately before his conversion to the SAVER Plan under Part VII on 1st April 1998 —

(A)	all moneys standing to the credit of the member in his Savings Account, Retirement Account and CPF Top-Up Account at the date of his death; or
(B)	an amount equal to the benefits that would have been payable to the member under the Singapore Armed Forces (Pensions) Regulations (Rg 9) if he had remained in the pensionable service at the time of his death, whichever is the greater.”; and

(c)

by deleting the words “paragraph (1)(b)” wherever they appear in paragraphs (2) and (3) and substituting in each case the words “paragraph (1)(b) and (c)”.

Made this 23rd day of July 2003.

LEE YUEN HEE

Secretary,
Armed Forces Council,
Singapore.

[MINDEF 4-4/26-2-1-1/ML; AG/LEG/SL/295/2002/1 Vol. 2]

(To be presented to Parliament under section 207 of the Singapore Armed Forces Act).

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