Under the existing SAVER Plan, MINDEF contributes a selected portion of an officer’s income into three records – the Savings Account, CPF Top-Up Account and Retirement Account.
To produce results, the funds in the three records is invested by professional fund managers and managed by a board of trustees.
MORE BONUS Payment
Officers now contribute to their Savings Account during their first ten years of service to encourage them to continue.
Officers you start using their Savings Accounts to remove an increasing portion of their money from their sixth year of service.
Additionally, they are qualified to receive a SAVER Bonus, a dollars loyalty payment.
From Jul 1, 2025, the current , Savings Account and SAVER Bonus repayment will become replaced.
Officials between the age of 25 and 34 may get a SAVER Bonus in dollars for each three years of service under the changes.  ,
” This will better help their demands, such as wedding and accommodation, at this life phase”, said MINDEF.
FULL CPF Accomplishments
Officials are currently enrolled in a decreased Pension contribution plan.
The soldiers ‘ CPF Top-Up Account is made up of the difference between the full employer and employee contributions.
This allows them to be on par with other employees who receive complete firm efforts.
When they leave the SAF, the funds in their Top-Up Accounts are subsequently transferred to their Pension records.
Under the modifications, this Top-Up Account may be phased out.  ,
Instead, officers will acquire full employer and employee Pension contributions in accordance with current federal CPF contributions.  ,
They will have more Pension money at the beginning of their careers, according to MINDEF, to better meet their housing and healthcare needs.
MORE RETIREMENT Accomplishments
Officers now contribute to their Retirement Account from the seventh month of service, whichever comes first, based on their position and profession, until they are 42 or 44.
Beginning on July 1, 2025, efforts to the Retirement Account will begin at the start of the employee’s first year of service rather, at a higher rate.
The longer and higher commitment periods and rates may enable our officers to accumulate more reserve for their professional transition when they depart from the SAF, according to MINDEF.
The SAVER Account may be changed to reflect this pension account.  ,
Collectively, these changes will better meet the needs of Army officers throughout their entire lifecycle and give them greater financial security for a career change when they leave the SAF, according to MINDEF.