Social Welfare Act, 1993

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Application.

46.—The Pensions Act is hereby amended by the substitution for section 41 of the following section:

“41.—(1) Subject to section 52, this Part shall apply to any scheme other than—

(a) a defined contribution scheme, or

(b) a scheme under which service in the relevant employment after the 1st day of January, 1993, does not entitle the members to long service benefit and, where any long service benefit is determined by reference to a member's earnings, such earnings in the case of all members relate to a date or a period prior to the 1st day of January, 1993.

(2) Notwithstanding subsection (1), section 48 shall apply to any scheme other than a defined contribution scheme.”.