|
|
Pensions and gratuities to or in respect of officers and servants of the Board.
|
14.—(1) The Board shall, as soon as conveniently may be, prepare and submit to the Minister a scheme (in this section referred to as a pension scheme) with the object of providing pensions and gratuities for or in respect of paid officers and servants of the Board and (subject to confirmation thereof by the Minister) carry such scheme into execution.
|
|
| |
(2) The amount of any pension or gratuity provided under a pension scheme shall be calculated by reference, in addition to such other matters as may be prescribed by such pension scheme, to service under the Board.
|
|
| |
(3) A pension scheme—
|
|
| |
(a) shall provide that, in the case of a person (in this sub-section referred to as a transferred officer or servant) who, having been an officer or servant of the existing governing body, becomes by virtue of this Act an officer or servant of the Board, service under the existing governing body shall be reckoned, for the purpose of such scheme, as service under the Board;
|
|
| |
(b) shall provide for the payment to or in respect of officers and servants of the Board to whom such scheme applies of pensions and gratuities at such times and subject to such conditions and restrictions as may be prescribed by such scheme, and for the calculation of the amounts of such pensions and gratuities;
|
|
| |
(c) may provide for the application of such scheme to any transferred officer or servant who has ceased to be an officer or servant of the Board before the date on which such scheme comes into operation;
|
|
| |
(d) may provide for the payment of contributions towards the financing of such scheme by officers and servants of the Board to whom such scheme applies.
|
|
| |
(4) The Board may at any time by a subsequent pension scheme (in this and the next following sub-section referred to as an amending scheme) amend a pension scheme or a previous amending scheme, and any such amending scheme may be expressed to operate retrospectively.
|
|
| |
(5) An amending scheme shall not be so framed as to terminate or reduce any pension which was, immediately before the coming into force of such an amending scheme, payable under the scheme thereby amended.
|
|
| |
(6) A scheme under this section shall not come into force unless and until it has been confirmed by order of the Minister.
|
|
| |
(7) An order of the Minister confirming a scheme under this section shall appoint the date on which such scheme is to come into force and as on and from the date so appointed such scheme shall have statutory effect.
|
|
| |
(8) If any question arises under a scheme under this section, such question shall be referred to the Minister whose decision shall be final.
|
|
| |
Financial Provisions.
|
