Ordinary leave encashment permits annual conversion, death or incapacity payments, and limited resignation benefits subject to service conditions. Ordinary leave may be encashed once per calendar year for between ten and thirty days if the required leave balance is retained. Employees with more than ... Summary
International Financial Services Centres Authority (Employees' Service) Regulations, 2026
Ordinary leave encashment permits annual conversion, death or incapacity payments, and limited resignation benefits subject to service conditions.
Ordinary leave may be encashed once per calendar year for between ten and thirty days if the required leave balance is retained. Employees with more than eight years' service who did not join through direct recruitment in Grade A or as Multi-Tasking Staff have a reduced balance requirement. Cash equivalent of unavailed leave may be granted on death or medically certified permanent incapacity. On resignation after required probation and notice, half of the leave credit may be encashed, subject to a five-month cap.
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