The enhanced benefits are part of changes to the savings and retirement scheme for SAF officers.
SINGAPORE – Singapore Armed Forces officers can look forward to enhanced monetary benefits from July 1, 2025, following changes to the organisation’s savings and retirement scheme.
First, bonus cash payments will be given to officers aged between 25 and 34 for every three years of service. Known as the Saver Bonus payment, this is aimed at better supporting officers’ needs, such as in marriage and housing. Currently, officers are on a reduced CPF contribution arrangement, where Mindef deposits the difference between the full and reduced employer CPF contributions into the officers’ CPF Top-Up Accounts. The monies in these accounts are transferred to the officers via their CPF accounts when they leave the SAF.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bicycles, kick scooters will be banned from footpaths adjacent to cycling lanes; enforcement from July 2025SINGAPORE: Bicycles and non-motorised personal mobility devices (PMDs) like kick scooters will be banned from footpaths adjacent to cycling lanes, the Land Transport Authority (LTA) said on Wednesday (Aug 14). Currently, over 200km of cycling paths are situated next to footpaths.
Read more »
Bicycles, kick scooters will be banned from footpaths adjacent to cycling lanes; enforcement from July 2025SINGAPORE — Bicycles and non-motorised personal mobility devices (PMDs) like kick scooters will be banned from footpaths adjacent to cycling lanes, the Land Transport Authority (LTA) said on Wednesday (Aug 14).
Read more »
Footpaths next to cycling lanes to become pedestrian-only; enforcement starts in July 2025Bicycles and non-motorised PMDs such as kick scooters will be banned from these paths.
Read more »
Hearings in Thaksin’s royal insult trial to begin in July 2025He was indicted in June by prosecutors under Thailand's stringent lese majeste law.
Read more »
Ang Mo Kio junction to be turned into temporary roundabout for North-South Corridor worksThe roundabout will be in place from Aug 18, 2024, to end-July 2025.
Read more »
SAF officers to get more cash bonus, full CPF contributionSingapore Armed Forces (SAF) officers can look forward to enhanced monetary benefits following changes to its savings and retirement scheme from July 1, 2025. With these changes, new SAF officers will see an average of 40 per cent increase in benefits as compared to if they...
Read more »