Singapore Armed Forces (Saver-Premium Fund) Regulations

Singapore Armed Forces Act

(Chapter 295, Section 205C)

Singapore Armed Forces (Saver-Premium Fund) Regulations

Rg 18

G.N. No. S 186/1998

REVISED EDITION 2001

(31st January 2001)

[1st April 1998]

PART I

PRELIMINARY

Citation

1.  These Regulations may be cited as the Singapore Armed Forces (SAVER-Premium Fund) Regulations.

Definitions

2.  In these Regulations, unless the context otherwise requires —

“applicable Category B member of the Premium Plan” means —

(a) a member of the Premium Plan under paragraph (b) of the definition of “Category B member” in regulation 2(1) of the Singapore Armed Forces (Premium Plan) Regulations (Rg 22);

(b) a member of the Premium Plan under paragraph (c) or (d) of that definition who was a Category B member mentioned in paragraph (a); or

(c) a member of the Premium Plan under paragraph (d) of that definition other than a Category B member mentioned in paragraph (a);

[S 850/2025 wef 01/01/2026]

“applicable Category B member of the SAVER Plan” means —

(a) a member of the SAVER Plan under paragraph (a) of the definition of “Category B member” in regulation 2(1) of the Singapore Armed Forces (SAVER Plan) Regulations (Rg 19); or

(b) a member of the SAVER Plan under paragraph (e) of that definition who —

(i) was a member of the SAVER Plan before 1 July 2025; and

(ii) opted to be transferred (whether before, on or after that date) to the military domain experts service under regulation 36(1) of the Singapore Armed Forces (Military Domain Experts Service) Regulations 2010 (G.N. No. S 186/2010);

[S 850/2025 wef 01/01/2026]

“auditor” means the auditor of the SAVER-Premium Fund, whose functions and duties shall be discharged, and whose powers shall be exercised, by —

(a) the Auditor-General; or

(b) such other auditor as may be appointed annually by the Minister in consultation with the Auditor-General under section 205C(5) of the Act;

[S 725/2004 wef 31/12/2004]

“Board” means the Board of Trustees appointed in accordance with regulation 3;

“CARE Account” means the Career and Retirement Endowment Account referred to in regulation 12(2)(a);

“Category A member” and “Category B member”, in relation to the SAVER Plan, have the meanings given by regulation 2(1) of the Singapore Armed Forces (SAVER Plan) Regulations (Rg 19);

[S 441/2025 wef 01/07/2025]

“Chairman” means the Chairman of the Board;

“Contribution Account” means the Contribution Account referred to in regulation 11(b);

“financial year” means the financial year of the SAVER- Premium Fund;

“Forfeiture Account” means the Forfeiture Account referred to in regulation 11(c);

“Income Account” means the Income Account referred to in regulation 11(d);

“Loan and Benefits Account” means the Loan and Benefits Account referred to in regulation 11(e);

“member” means a member of the SAVER Plan or the Premium Plan;

“net income”, in relation to the SAVER-Premium Fund, means the amount ascertained by adding to, or deducting from, the income received from investments of capital moneys in the SAVER-Premium Fund any profit derived or loss sustained, as the case may be, from the realisation of such investments;

[Deleted by S 850/2025 wef 01/01/2026]

“Premium Plan” means the Premium Plan established by the Singapore Armed Forces (Premium Plan) Regulations made under section 205A of the Act;

“Provisional Account” means the Provisional Account referred to in regulation 11(g);

“SAVER Plan” means the SAVER Plan established by the Singapore Armed Forces (SAVER Plan) Regulations (Rg 19) made under section 205A of the Act;

“secretary” means the secretary of the Board appointed under regulation 7(1);

“subsidiary account” means any subsidiary account referred to in regulation 12(1);

“trustee” means a member of the Board, including the Chairman.