Prison (Officers Superannuation) Act, 1878

• Permanent Page URL

Commutation of apportioned part of superannuation allowance to existing officer of prison.

2. Where an annuity granted by way of superannuation allowance to an existing officer of a prison under the sections of the Prison Acts mentioned in the first schedule to this Act is apportioned to be paid partly by the Treasury out of moneys provided by Parliament and partly by the local authority out of rates, the Treasury and the local authority may agree for the commutation of the share of the annuity apportioned to either of them; that is to say, for the payment by that one to the other of them of the capital value of such share ascertained according to the tables contained in the second schedule to this Act.

Where the share of the annuity apportioned to be paid by the Treasury is less than twenty pounds a year, the Treasury may require the local authority to accept commutation of that share.

In the case of an annuity as to which the Treasury make no such requirement, the local authority may require the Treasury to accept commutation of the share apportioned to be paid by the local authority.

The Treasury or the local authority, on receiving payment under any agreement, or payment or tender under any requirement, of the sum for commutation of the share of an annuity, shall in every year raise and pay that share to the annuitant out of the same moneys or rates and in the like manner as the rest of the annuity, and the payers or tenderers of the said sum shall be free from all liability in respect of such annuity.