Cap. 450 Art. 48Transferability of rights and obligations.

Regulations or directives may prescribe the circumstances in which and the conditions subject to which -

(a) a beneficiary may transfer his accrued rights from one scheme to another; and

(b) a scheme may transfer the liabilities attributable to it to another scheme; and

(c) a scheme may provide for the payment of a retirement benefit in the form of a lump sum instead of an annuity; and

(d) a contributor may transfer, dispose of or charge his interest in a scheme.