(1) A member who has attained the retirement age is entitled to the entire accrued benefits in the scheme in a lump sum.

(2) A member who has not attained the retirement age may withdraw all or part of the member’s accrued benefits from a scheme

(a) after ten years from the date of first contribution in the case of the provident fund or personal pension scheme for contributors in the formal sector,

(b) after five years from the date of first contribution in the case of personal pension scheme for contributors in the informal sector, or

(c) following a certification by a medical board that the contributor is incapable of any normal gainful employment by virtue of a permanent physical or mental disability.

(3) The beneficiaries of the estate of a deceased contributor may withdraw the accrued benefits of the deceased from the scheme.