The scheme must be approved by the Financial Services Commission in order to operate.
Membership is open to Jamaican residents who are at least 18 years old. They must be self-employed or employed in a non-pensionable post but not be members of an approved superannuation fund. Membership cannot be held in more than one scheme at the same time.
Upon termination of employment, members of a retirement scheme or approved superannuation fund are entitled to transfer their pension benefits to an approved retirement scheme."
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