Locking-In

(1) Except as otherwise provided under this Act, a member of a pension plan is not entitled to a refund from a pension fund of contributions made or any interest on such 40 (2) Sub-section (1) does not prohibit the refund of any additional voluntary contributions and interest thereon to a member or former member in accordance with the provisions of the pension plan. (3) Sub-section (1) does not prohibit the refund of any contributions made and interest thereon to a member or former member in respect of his before the commencement date. (4) Sub-section (1) does not prohibit the payment of an actuarially equivalent lump sum or account balance as set out in section 41. (5) A former member whose benefits have not vested under the terms of a pension plan shall receive an amount that is not less than– (a) in the case of a defined contribution pension plan, the portion of the former member’s balance attributable to his contributions; or (b) in the case of a defined benefit pension plan, the former member’s contributions made to the pension plan together with interest at the prescribed rate.