|
|
Abolition of sanatorium benefit and Insurance Committees.
|
23.—(1) On and from the 1st day of January, 1930, sanatorium benefit shall cease to be included among the benefits conferred by Part I. of the Act of 1911.
|
|
| |
(2) On and from the 1st day of January, 1930, insurance committees shall cease to exist and the provisions of the Acts in relation to such committees shall cease to apply.
|
|
| |
(3) On the 1st day of January, 1930, all property, assets and liabilities of insurance committees shall vest in the Insurance Commissioners and the said Commissioners shall take such action as may be necessary for winding up the affairs of such committees.
|
|
| |
(4) Every official of an insurance committee serving at the date of the passing of this Act whose appointment has been sanctioned by the Insurance Commissioners shall be entitled, in the case of an official who has less than ten completed years of service with such committee, to a gratuity calculated on the basis of one-eighth of the amount of his annual remuneration on the 31st day of December, 1929, for every completed year of his service and in the case of an official who has ten or more completed years of service with such committee, to a gratuity calculated on the basis of one-sixth of the amount of his annual remuneration on the 31st day of December, 1929, for every completed year of his service.
|
|
| |
(5) Any moneys required for the purposes of paying gratuities under the foregoing sub-section shall be paid out of any surplus standing to the credit of the Sanatorium Benefit Fund, the General Administration Fund and the administration fund of every insurance committee as at the 31st day of December, 1929.
|
|
| |
(6) The Insurance Commissioners may, with the consent of the Minister for Finance, make regulations in relation to all or any of the following matters, that is to say:—
|
|
| |
(a) the manner in which any surplus standing to the credit of the Sanatorium Benefit Fund or the General Administration Fund or the credit of the administration fund of any insurance committee after all liabilities have been met is to be disposed of;
|
|
| |
(b) the manner in which any deficit in the Sanatorium Benefit Fund or the administration fund of any insurance committee is to be met;
|
|
| |
(c) the making of such other financial adjustments as in the opinion of the Insurance Commissioners are necessary for carrying this section into effect;
|
|
| |
(d) the determination of any agreements entered into by insurance committees under any enactment which ceased to apply to such committees by virtue of this section or the transferring to other persons on such conditions as may be prescribed by such regulations any rights or liabilities under any such agreements.
|
