Section 19B: Benefits of participants leaving the service or on dismissal

19B. Benefits of participants leaving the service or on dismissal (1) Where a participant has contributed towards his pension for at least one year and leaves or otherwise ceases, other than on ground of dismissal, to be in the public service, the participant may elect to— (a) transfer the accumulated benefits to a pension scheme administered by SICOM or an authorised agent referred to in section 20 (2), as the case may be; S42 – 11 [Issue 7] Statutory Bodies Pension Funds Act (b) leave the accumulated benefits in his individual account until retirement or death; or (c) be refunded his share of the contribution, which shall be computed in such manner as may be prescribed. (2) Where a participant is dismissed from the service of the statutory body, any refund of his accumulated benefits shall be computed in such manner as may be prescribed. [S. 19B inserted by s. 26 (i) of Act 26 of 2012 w.e.f. 22 December 2012; repealed and replaced by s. 27 (g) of Act 26 of 2013 w.e.f. 1 January 2013; repealed and replaced by s. 48 (c) of Act 9 of 2015 w.e.f. 1 January 2013.]