Section 8
SEC. 8. Provident Character. ─ The Fund shall be private in character, owned wholly by the members, administered in trust and applied exclusively for their benefit. All the personal and employer contributions shall be fully credited to each member, accounted for individually and transferable in case of change of employment. They shall earn dividends as may be provided for in the implementing rules. The said amounts shall constitute the provident fund of each member, to be paid to him, his estate beneficiaries upon termination of membership, or from which peripheral benefits for the member may be drawn.