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Officers fret about lump sum payout

They wonder if raised retirement age of 50 would lead to a bigger payout. -ST

Sat, May 16, 2009
The Straits Times

By Jermyn Chow & Yeo Sam Jo

THE Singapore Armed Forces' decision to raise the retirement age of its officers to 50 has left its own officers confused about how this would impact their retirement payout.

Under the Savings and Employee Retirement Plan, or Saver scheme, officers get a lump sum payout when they retire at the age of 42 or 45, depending on their last-held ranks.

But with the change, some are wondering if they will get a bigger payout if they decide to hang up their army boots at 50.


Expert scheme: Potential recruits need more details

By Nicholas Yong

A NEW military expert career scheme to be rolled out by the Singapore Armed Forces (SAF) next year has drawn mixed reactions from potential recruits.

The Military Domain Experts Scheme (MDES) aims to produce a new breed of soldiers for deep specialisation in fields such as engineering, nursing and intelligence.

The Ministry of Defence (Mindef) said such experts would be deployed alongside their officer and warrant officer counterparts in operational roles.


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