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Reciprocal arrangements with other countries.
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61.—(1) Where provision is made by legislative enactment in any other country for the establishment therein of any scheme of pensions substantially corresponding to that established by this Act, the Minister may, with the consent of the Minister for Finance, make reciprocal arrangements with the authority administering such scheme in such country, whereby periods of insurance, contributions paid, and residence in such country under such scheme shall, for the purposes of qualifications for pensions under this Act, be treated as periods of insurance, contributions paid, and residence in Saorstát Eireann and whereby pensions payable under such scheme shall be payable to persons whilst in Saorstát Eireann, and whereby periods of insurance, contributions paid, and residence in Saorstát Eireann for the purposes of qualification for pensions under this Act shall, for the purposes of such scheme be treated as periods of insurance, contributions paid and residence in such country and whereby pensions payable under this Act shall be payable to persons whilst in such country.
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(2) Provision may, with the consent of the Minister for Finance, be made by regulations under this Act for directing that this Act shall, in relation to or in connection with any persons affected by any arrangements made under this section, apply subject to such modifications and adaptations as may be prescribed, and provision may be made by such regulations for any necessary financial adjustments.
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