Examples of Pension Account in a sentence
Each Participant has a beneficial interest in the Pension Fund proportionate to the Units held by such Participant in the respective Sub-Fund in his Individual Pension Account.
The liability of the Participant shall be limited to the amount paid against the number of Units or in certain circumstances cash, as may be allowed by the Rules, held by each Participant in his Individual Pension Account.
Proceeds from the redemption of units will be transferred to the individual Pension Account of the respective Participant.
Additionally, each Participant shall be entitled to receive any statement in respect of his Individual Pension Account at any time on written application.
The Register shall be conclusive evidence as to the Sub-Fund Units or Individual Pension Account or Approved Income Payment Plan Account balances held by each Participant.