Singapore Armed Forces updates Savings and Retirement scheme, offering cash bonuses, full CPF contributions, and increased retirement contributions for officers.
Starting July 1, 2025, Singapore Armed Forces officers will receive enhanced financial benefits under the updated Savings and Retirement scheme. Key changes include cash bonuses for younger officers, full Central Provident Fund contributions earlier in their careers, and increased contributions to retirement accounts from the first year of service. These adjustments aim to provide greater financial security and support for officers transitioning to retirement.
September 06, 2024
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