Electricity Supply Board (Superannuation) Act, 1942
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Power of the Board to pay allowances to certain persons transferred to the service of the Board. |
15.—(1) This section applies to every person for the time being in the employment of the Board who was transferred to the service of the Board from service in an undertaking acquired by the Board under section 38 of the Principal Act and who, immediately before such transfer, had no superannuation rights referable to his service in such undertaking. | |
(2) Where a person to whom this section applies and who at the passing of this Act has not attained the age of sixty years retires from the service of the Board in such circumstances that he is entitled to a pension under a superannuation scheme under this Act, it shall be lawful for the Board, if they so think fit, to grant and pay to such person (by way of addition to such pension) a supplementary allowance for his life of such amount as the Board shall (subject to the provisions of the next following sub-section of this section) think proper. | ||
(3) A supplementary allowance granted under the immediately preceding sub-section of this section to a person to whom this section applies shall not exceed one-half of the pension which such person (if he were not a person to whom this section applies) would have been entitled to receive under the superannuation scheme under this Act applicable to him if contributions under that scheme had been paid by him and by the Board in respect of each completed year of his actual service in the undertaking from which his transfer to the service of the Board took place. | ||
(4) Where a person to whom this section applies and who at the passing of this Act has attained the age of sixty years retires from the service of the Board, it shall be lawful for the Board, if they so think fit, to grant and pay to such person an allowance for his life of an amount not exceeding one-half of the average annual rate of the salary or wages payable to him by the Board during the period of three years immediately before his retirement from the service of the Board. |