S.I. No. 34/1955 - Coras Iompair Eireann Amending Superannuation Scheme For Regular Wages Staff (Confirmation) Order, 1955.

S.I. No. 34 of 1955.

CORAS IOMPAIR EIREANN AMENDING SUPERANNUATION SCHEME FOR REGULAR WAGES STAFF (CONFIRMATION) ORDER, 1955.

WHEREAS by the Córas Iompair Éireann Superannuation for Regular Wages Staff (Confirmation) Order, 1945 ( S. R. & O. No. 242 of 1945 ), made under subsection (2) of section 44 of the Transport Act, 1944 (No. 21 of 1944), the Córas Iompair Éireann Pensions Scheme for Regular Wages Staff (a copy whereof is set out in the Schedule to the said Order) was confirmed :

AND WHEREAS Córas Iompair Éireann has in pursuance of subsection (4) of section 44 of the Transport Act, 1950 (No. 12 of 1950), submitted to the Minister for Industry and Commerce a scheme (in these Recitals referred to as the amending scheme) amending the said Córas Iompair Éireann Pension Scheme for Regular Wages Staff :

AND WHEREAS by virtue of subsection (8) of section 44 of the Transport Act, 1950 , a superannuation scheme confirmed under section 44 of the Transport Act, 1944 , is deemed to be a superannuation scheme confirmed under the section 44 of the Transport Act, 1950 :

AND WHEREAS the said Minister proposes to confirm the amending scheme without modification :

NOW, I, WILLIAM NORTON, Minister for Industry and Commerce, in exercise of the powers conferred on me by subsections (4) and (5) of section 44 of the Transport Act, 1950 (No. 12 of 1950), hereby, after consultation with the Minister for Finance, order as follows :—

1. This Order may be cited as the Córas Iompair Éireann Amending Superannuation Scheme for Regular Wages Staff (Confirmation) Order, 1955.

2. In this Order " the amending scheme " means the scheme (amending the Córas Iompair Éireann Pension Scheme for Regular Wages Staff) submitted by Córas Iompair Éireann in pursuance of subsection (4) of section 44 of the Transport Act, 1950 .

3. The amending scheme (a copy whereof is set out in the Schedule to this Order) is hereby confirmed and shall come into operation on the 25th day of March, 1955.

SCHEDULE.

CÓRAS IOMPAIR ÉIREANN SUPERANNUATION (AMENDMENT) SCHEME FOR REGULAR WAGES STAFF (GRAND CANAL COMPANY EMPLOYEES).

The Córas Iompair Éireann Pension Scheme for regular wages staff confirmed by Córas Iompair Éireann Superannuation Scheme for Regular Wages Staff (Confirmation) Order, 1945 ( S. R. & O. No. 242 of 1945 ) as amended by Córas Iompair Éireann Superannuation Scheme for Regular Wages Staff (Confirmation) Order, 1949 ( S.I. No. 115 of 1949 ) shall be amended by entitling former employees of the Grand Canal Company who transferred to and became employees of Córas Iompair Éireann under and by virtue of section 36 of the Transport Act, 1950 , and who did not apply for membership of the said scheme within the term therein stipulated, to apply for membership of the said Scheme and by providing for the admission of persons so applying to membership thereof subject to compliance with the terms and conditions and in the manner following, that is to say :—

Every such former employee of the Grand Canal Company shall be admitted to membership of the said Scheme upon his making application for membership thereof provided that

(a) such application is made within twelve months from the date of the coming into operation of this amending Scheme ;

and

(b) at the date of application, the applicant—

(i) is a member of the regular wages staff ; and

(ii) has attained 19 years of age ;

and

(c) the applicant had not reached 50 years of age on the 1st day of June, 1950.

Every such person so admitted to membership of the said Scheme as aforesaid shall be entitled to the benefits thereby provided and subject to the obligations, terms and conditions therein contained.

GIVEN under my Official Seal this 5th day of March, 1955.

WILLIAM NORTON,

Minister for Industry and Commerce.