New $9,000 award for NSmen

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New $9,000 award for NSmen

Postby support » Mon Aug 30, 2010 6:03 pm

Not poker buy still... for those who do NS. U just hit jackpot?

>> ASIAONE / NEWS / ASIAONE NEWS / SINGAPORE / STORY

Sun, Aug 29, 2010
AsiaOne

New $9,000 award for NSmen

IN HIS National Day Rally speech, Prime Minister Lee Hsien Long noted that Singapore's National Service (NS) requirement is a heavy demand on its citizens.

However, he said that it is "not practical" to make foreign workers and adult immigrants serve NS, even though many PRs and first generation citizens have done NS.

Hence, the government will do its best to recognise the "contributions and sacrifices of our NSmen".

PM Lee announced a new initiative - the National Service Recognition Award (NSRA).

Comprising a total sum of $9,000, it will be paid in tranches at major milestones of an NSman's service into his CPF and PSEA (Post-Secondary Education Account) accounts.This will help with the cost of their subsequent education and help them with the costs of buying a house.

The new scheme is for citizens only; PRs who have done NS will receive the NSRA when they take up citizenship.

More details will be announced by MINDEF soon.


Award to recognise NSmen

NATIONAL Servicemen stand to get $9,000 each in a move to show that citizens come first amidst resentment towards foreigners who do not have to serve NS.

Prime Minister Lee Hsien Loong on Sunday night announced a 'National Service Recognition Award' at the National Day Rally.

The $9,000 for NSmen who are citizens only - and more for commanders - will go into their CPF and Post-Secondary Education Accounts in tranches.

Mr Lee said this is a recognition for the contributions and sacrifices of NSmen who give up two years full-time, and then return for reservist while trying to build a career and build a family.

Permanent Residents who have done their NS will get the payout only when they become citizens.

At any one time, there are 55,000 active servicemen - about 20,000 regulars and more than 30,000 full-time national servicemen.

There are about 300,000 operationally-ready National Servicemen.
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Re: New $9,000 award for NSmen

Postby MJFX » Mon Aug 30, 2010 11:39 pm

This goes straight into the PS funds.!
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Re: New $9,000 award for NSmen

Postby support » Tue Aug 31, 2010 1:21 am

MJFX wrote:This goes straight into the PS funds.!


The $9,000 for NSmen who are citizens only - and more for commanders - will go into their CPF and Post-Secondary Education Accounts in tranches.
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Re: New $9,000 award for NSmen

Postby MJFX » Tue Aug 31, 2010 1:34 am

Tilt ah~
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Re: New $9,000 award for NSmen

Postby support » Tue Aug 31, 2010 11:42 pm

Each Tranche $3,000 or $3,500 (SGT and above)
==========================================
1st Tranche - on ORD date into your STUDY account for uni
2nd Tranche - on Completion of 3 High Key ICTs OR 5 ICT (2 High key 3 low) goes into CPF
3rd Tranche - ROD (10 ICT or 40yr old) goes into CPF

Date applicable since 29 AUG 2010.

Means if u ORD before 29th AUG 2010 u don't get Tranche 1. if you ROD before 29th Aug 2010 u suay!
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Re: New $9,000 award for NSmen

Postby justafish » Wed Sep 01, 2010 12:38 am

CCB I TILT!
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