Postal and Telecommunications Services (Amendment) Act, 1999

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Amendment of section 46 of the Postal and Telecommunications Services Act, 1983 .

5.—Section 46 of the Act of 1983 is hereby amended—

(a) by the substitution for subsection (4) of the following subsections:

“(4) Every scheme under this section shall provide for not less favourable conditions in respect of persons who are or were members of the staff of the postal company and who, immediately before the vesting day, were members of the staff of the Department of Posts and Telegraphs than those to which they were entitled immediately before the vesting day.

(4A) Every scheme for the granting of pensions, gratuities and other allowances on retirement or death to or in respect of—

(a) persons who are or were members of the staff of the telecommunications company and who, immediately before the vesting day, were members of the staff of the Department of Posts and Telegraphs, or

(b) those persons who were members of the staff of the Department of Posts and Telegraphs and who retired or died before the vesting day as the Minister for Finance may specify,

shall provide for not less favourable conditions in respect of those persons than those to which they were entitled immediately before the vesting day.”,

and

(b) in subsection (5), by the substitution for “who, immediately before the vesting day, were members of the staff of the Department of Posts and Telegraphs” of “referred to in subsections (4) and (4A)” and the subsection as so amended is set out in the Table to this paragraph.

TABLE

(5) Disbursement of pensions, gratuities and other allowances which may be granted to or in respect of persons referred to in subsections (4) and (4A) shall not be on less favourable conditions than would apply if the benefits referred to had continued to be paid out of moneys provided by the Oireachtas.