S.I. No. 9/2006 - Coras Iompair Eireann Pension Scheme for Regular Wages Staff (Amendment) Scheme (Confirmation) Order 2006

The Minister for Transport, in exercise of the powers conferred on him by Section 44 (4) of the Transport Act 1950 (No. 12 of 1950) and Article 4 of the Córas Iompair Éireann (Additional Powers) Order 1988 ( S.I. No. 381 of 1988 ) and the Communications (Transfer of Departmental Administration and Ministerial Functions) (No. 2) Order 1987 ( S.I. No. 92 of 1987 ) (as adapted by the Public Enterprise (Alteration of Name of Department and Title of Minister) Order 2002 ( S.I. No. 305 of 2002 )), after consultation with the Minister for Finance, hereby order as follows:

1.   This Order may be cited as the Córas Iompair Éireann Pension Scheme for Regular Wages Staff (Amendment) Scheme (Confirmation) Order 2006.

2.   In this Order, “amending scheme” means the scheme that -

a)     amends the Córas Iompair Éireann Pension Scheme for Regular Wages Staff (confirmed by the Córas Iompair Éireann Superannuation Scheme for Regular Wages Staff (Confirmation) Order 1945 ( S.R. & O. No. 242 of 1945 )), and

b)     was prepared by Córas Iompair Éireann and submitted to the Minister for Transport under section 44 (5) of the Transport Act 1950 (No. 12 of 1950), and is set out in the Schedule to this Order.

3.   The amending scheme is confirmed and comes into operation on 17 January 2006.

SCHEDULE

CÓRAS IOMPAIR ÉIREANN PENSION SCHEME FOR REGULAR WAGES STAFF (AMENDMENT) SCHEME 2006

1.       Interpretation

In this amending scheme the following words and expressions shall have the meanings hereby assigned to them unless there is something inconsistent in the subject matter or the context repugnant to such construction:-

“the existing Scheme” means the Córas Iompair Éireann Pension Scheme for Regular Wages Staff confirmed by S.R. & O. No. 242 of 1945 and subsequently amended by the amending schemes confirmed by Statutory Instruments numbered 115 of 1949, 34 of 1955, 226 of 1957, 56 of 1961, 48 of 1965, 7 of 1967, 58 of 1969, 77 of 1971, 252 of 1974, 288 of 1977, 74 of 1980, 181 of 1982, 132 of 1985, 288 of 1985, 319 of 1985, 55 of 1987, 117 of 1988, 258 of 1988, 31 of 1989, 233 of 1991, 120 of 1992, 420 of 1992, 115 of 1996, 428 of 2000, 93 of 2001, 123 of 2002, 209 of 2004 and 263 of 2004;

“the operative date” means the 17 January 2006.

2.       In this amending scheme unless otherwise expressly stated the words and expressions used shall have the meanings assigned to them by the existing Scheme.

3.       Amendment of the Existing Scheme

The existing Scheme shall be amended with effect on and from the operative date so as to conform to the provisions hereinafter contained and every provision of the existing Scheme, which is inconsistent with the provisions hereinafter contained, shall cease to have effect.

4.       The reference to “the 17 January 2006” in paragraphs (a) and (b) of Article 9 (3) of Statutory Instrument No. 226 of 1957 (inserted by Statutory Instrument No. 123 of 2002) shall be deleted and a reference to “the 17 January 2010” shall be substituted.

5.       The term “Basic Weekly Wage” contained in the first column of Table A of Article 8 of the Schedule to S.I. No. 115 of 1996 shall be given the following meaning:

“Basic Weekly Wage” in relation to any member, means pay for the standard hours designated for the member's position by the Board without regard to any differential, allowance, bonus or other payments;”

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation)

The purpose of this Order is to extend the voluntary severance terms applicable to members of the Regular Wages Staff Pension Scheme to 17 January 2010 and to define the term Basic Weekly Wage.