S.I. No. 129/1995 - European Communities (Retirement of Farmers) Regulations, 1995.

S.I. No. 129 of 1995.

EUROPEAN COMMUNITIES (RETIREMENT OF FARMERS) REGULATIONS, 1995.

I, IVAN YATES, Minister for Agriculture, Food and Forestry, in exercise of the powers conferred on me by section 3 of the European Communities Act, 1972 (No. 27 of 1972), and for the purpose of giving effect to the Council Directive No. 72/160/EEC of 17 April 1972⁽¹⁾ hereby make the following Regulations:

1. These Regulations may be cited as the European Communities (Retirement of Farmers) Regulations, 1995.

2. These Regulations shall be deemed to have come into operation on 1st day of May, 1995.

3. The European Communities (Retirement of Farmers) Regulations, 1974 ( S.I. No. 116 of 1974 ) are hereby amended:

( a ) by the substitution of "£3,592" for "£600" and "£2,399" for "£400" in Article 7 of the scheme set out in the schedule to the said Regulations, and

( b ) by the substitution of "£2,399" for "£400" in Article 8 of the said Scheme.

GIVEN under my Official Seal, on this 24th day of May 1995.

IVAN YATES,

Minister for Agriculture, Food andForestry.

EXPLANATORY NOTE.

Article 13 of the Farmers Retirement Scheme provides that the annuity payable under the Scheme may be increased from time to time to take account of any increase in the Consumer Price Index. These Regulations increase the amount of the annuity from £3,504 to £3,592 for a married person whose spouse is alive and from £2,340 to £2,399 for a single person, widow or widower with effect from 1 May 1995.

⁽¹⁾O.J. No. L96/9, 23.4.72.