Sections 5-7: Pension assets Section 5: Transfer of eligible pension benefits to reclaim fund
This section provides that a pension institution can transfer dormant pension benefits to an authorised reclaim fund, if the latter consents to it. Upon the transfer, the owner no longer has the right to payment of the benefits against any pension institution, but rather has that right against the reclaim fund.
	If that person has died, whoever the right to payment from the pension institution would have passed on to has the right to payment from the reclaim fund.
	This section also defines the type of pension institutions that are and are not eligible to participate in the Scheme in relation to pension benefits.