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Position as regards insurance of persons insurable at the Army rate.
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16.—A person who is for the time being a person insurable at the Army rate shall be treated as an employed contributor, subject to the following modifications, that is to say:—
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(d) there shall be credited to the Unified Society, if such person is a member thereof, or to the Military Forces (International Arrangements) Insurance Fund, if such person is a member thereof, a sum equal to five pence and one half-penny for each weekly contribution paid, and an equal sum shall be treated as having been expended on benefits, and the proper proportion shall accordingly be paid out of moneys provided by the Oireachtas.
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