Section 21A: Transfer of portable benefits

21A. Transfer of portable benefits (1) A participant having past service in the private sector may have his accumulated fund in a private pension scheme established under the Private Pension Schemes Act transferred to his individual account. (2) Subject to section 18(1A), a participant having past service in a pensionable capacity in the public service or statutory body may have his portable benefits transferred to his individual account. (h) in section 22, by adding the following new subsection – (3) Where a participant ceases to be in public service in any manner whatsoever, except for dismissal, or his post is declared vacant, his portable benefits may be transferred to any personal pension scheme to which he has adhered. Acts 2019 373