In a defined contribution pension plan, portability refers to transferring assets.

 

When you lose participant eligibility in a corporate-type defined contribution pension plan, you can transfer your pension assets from a corporate-type DC to another corporate-type DC and/or from a corporate-type DC to an individual-type DC (iDeCo). You can also transfer assets from an individual-type DC (iDeCo) to a corporate-type DC. If certain requirements are met, you can transfer assets to corporate pensions such as defined benefit pension plans.