Pension Funds/Opinions/Portability

Limits to portability

     
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The requirement of the member's authorization to transfer the amount corresponding to the member's contributions in case of termination of the participant's employment relationship (which constitutes his/her acquired right under the terms of the contract), violates article 9, no. 2 of Decree-Law no. 12/2006, of 20 January. On the other hand, the transfer in question can only be made to a pension fund, which does not necessarily have to be a retirement savings fund (a fund that finances a retirement savings plan).

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