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Old 20-11-2019, 09:11 AM   #888
happykapy
Senior Member
 
Join Date: Mar 2009
Posts: 513
Anyone knows when retire at 55 as ASP, will get how much in INVEST ?

SPF payouts also qte gd:

Sign-On Bonus

New officers with Full GCE 'A' Level or diploma[4] qualification will be paid a sign-on bonus of $10,000 on appointment to the Sergeant rank. There will be a bond of 2 years for the sign-on bonus, effective from the date of appointment.

[4]International Baccalaureate (IB), NUS High School Diploma, NAFA diploma, LASALLE diploma and diplomas from the 5 local polytechnics.

WHAT OTHER BONUSES AND BENEFITS ARE THERE?

Retention Bonus Payout

New officers can look forward to attractive retention bonus payouts that reward a longer career with the SPF. You will enjoy payouts ranging from $30,000 to $50,000 over the first 13 years of service.

INVEST Retention Payout

Every year for your first 10 years of service, MHA will contribute 1 to 1.5 months of gross salary into you INVEST Retention Account. You will receive a portion of this payout in your 6th, 8th, 10th and 12th year in service.
INVEST Retirement Package

As a uniformed officer, you will also be eligible for retirement benefits under the INVEST Scheme. A contribution of 7.75% of your gross salary will be credited monthly into your retirement account, starting from your 7th year in service. This money will be invested to earn investment returns. Upon retirement, you can withdraw the full sum in your account.
Benefits


Annual leave of 28 - 35 days
Annual medical leave of 14 days or 60 days with hospitalisation
Degree/Diploma sponsorship[]
Annual study leave of 12 days[5]
Retention payments and Retirement Benefits
Class 3 driving licence
Subsidised medical and dental benefits
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