These are the new Regulations governing membership of retirement Benefits schemes and payment of Benefits to scheme members Scheme membership cannot be limited on the basis of discrimination or discretion Scheme rules may provide option for member to withdraw, defer Benefits or transfer funds to another scheme on cessation Member cannot withdraw from scheme while still in employment of sponsor Payments of Benefits upon withdrawal following cessation of service to be in accordance with scheme rules Benefits to vest immediately Benefits cannot be assigned Benefits to be paid to nominated beneficiary but trustees may vary on proper written grounds Benefits to be commuted upto 1/3 in case of contributory scheme, upto 1/4 in non-contributory scheme, and fully in case of additional voluntary contributions Provision for payment of Benefits in case of disability or death