State Airports (Shannon Group) Act 2014
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Superannuation schemes - Shannon Group | ||
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23. (1) Subject to subsection (8) , Shannon Group shall prepare and submit to the Minister a scheme or schemes for the granting of superannuation benefits to or in respect of such members of the staff (including chief executives) of Shannon Group and of its subsidiaries as it decides. | ||
(2) Every such scheme shall fix the time and conditions of retirement for all persons to or in respect of whom superannuation benefits are payable under the scheme and different times and conditions may be fixed in respect of different classes of persons. | ||
(3) Every such scheme may be amended or revoked by a subsequent scheme prepared, submitted and approved under this section. | ||
(4) A scheme submitted to the Minister under this section shall, if approved of by the Minister, with the consent of the Minister for Public Expenditure and Reform, be carried out by Shannon Group in accordance with its terms. | ||
(5) A scheme made under this section shall make provision for appeals. | ||
(6) Superannuation benefits shall not be granted by Shannon Group nor shall any other arrangements be entered into by Shannon Group for the provision of such benefit to a member of the staff of Shannon Group, or of a subsidiary of Shannon Group, otherwise than in accordance with a scheme under this section, or otherwise as may be approved of by the Minister, with the consent of the Minister for Public Expenditure and Reform. | ||
(7) A scheme under this section shall be laid before each House of the Oireachtas as soon as may be after it is made and, if a resolution annulling the scheme is passed by either such House within the next 21 days on which that House has sat after the scheme is laid before it, the scheme shall be annulled accordingly, but without prejudice to the validity of anything previously done thereunder. | ||
(8) Should Shannon Airport Authority have a scheme in operation immediately before the establishment of a scheme under this section, for the granting of superannuation benefits to or in respect of members of its staff in accordance with section 32 (inserted by section 34 ) of the Act of 1998, that scheme may be provided for the benefit of such members of staff (including chief executives) of Shannon Group and of all or any of its subsidiaries as Shannon Group decides. |