National Retirement Scheme Act · s 54

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s 54Contributions not to be assigned etc.

Notwithstanding anything to the contrary contained in any other written laws —

(a)

no sum deducted from the wages of a member of the Scheme under this Act;

National Retirement Scheme

(b)

no amount payable by the employer as his contribution; and

(c)

no amount standing to the credit of a member of the Scheme, shall be assignable, transferable, attached, sequestered or levied on for, or in respect of, any debt or claim and shall not be subject to any set-off of any nature for any debt owing by the member and if the member is adjudicated a bankrupt by a court, it shall not pass to the Official Assignee on the bankruptcy of the member and is deemed not to form part of the property of the member.