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Benefits Administration

Group Deposit Administration

A structured group arrangement for employers who want gratuity and out-of-service benefits administered more formally.

Employers managing gratuity

Associations with pooled savings

Supplementary retirement structure

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Retirement Savings

SGDAS

Group Deposit AdministrationDeposit Administration Scheme is an investment vehicle used by employers to manage employees' out-of-service benefits or to augment statutory benefits.

At A Glance

What matters most about this structure.

Contribution flowSalary deduction or agreed remittance

ReportingQuarterly global and annual individual statements

Exit styleLump-sum contributions plus interest

Overview

How this group plan is positioned.

Deposit Administration Scheme is an investment vehicle used by employers to manage employees' out-of-service benefits or to augment statutory benefits.

It can also be used by employees or associations as an additional savings arrangement for retirement and long-term member value.

Product Detail

Features, benefits, and operating notes.

The old-site content has been reorganised here into the sections decision-makers usually want first.

Key Features

An agreed percentage of salary can be deducted and remitted on behalf of employees on a chosen schedule.

Contributions are credited into the policyholder's account on behalf of employees.

An agreed guaranteed interest rate is credited into the account.

A global statement is generated quarterly and an individual statement annually.

There is free entry and free exit from the scheme.

At exit, both contributions and interest are paid as a lump sum.

Benefits

Supports more disciplined administration of out-of-service benefits.

Allows even improvident staff to save additionally toward retirement.

Benefits from economies of scale within the insurer's pooled fund.

Notes

At an employee's exit, benefit cheque is typically issued in the employer's name for onward payment.

Useful where the organisation wants stronger administration than an informal benefit reserve.

Best presented as a managed benefit infrastructure product, not a simple cover plan.

Need Guidance?

Need help structuring group cover or benefits?

If the organisation needs a clearer welfare, compliance, gratuity, or credit-protection setup, Clara can help narrow the right plan before your team speaks with Capital Express directly.

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