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Superannuation.
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18.—(1) As soon as conveniently may be after the commencement of this Act, the Council shall prepare and submit to the Minister for Finance a scheme or schemes for the granting of superannuation allowances by way of pension or gratuity or both for its permanent staff.
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(2) A scheme submitted to the Minister for Finance under this section shall, if approved of by the Minister for Finance, be carried out by the Institute in accordance with its terms.
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(3) The Council may at any time, with the approval of the Minister for Finance, amend a scheme under this section.
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(4) A scheme submitted and approved of under this section shall fix the time and conditions of retirement for all persons to whom allowances are payable under the scheme, and different times and conditions may be fixed in respect of different classes of persons.
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(5) If any dispute arises as to the claim of any person to, or the amount of, any allowance payable in pursuance of a scheme under this section, such dispute shall be submitted to the Minister for Finance for determination by him.
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