Public Service Superannuation (Age of Retirement) Act 2018
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Amendment of section 29 of Public Service Pay and Pensions Act 2017 | ||
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8. Section 29 of the Public Service Pay and Pensions Act 2017 is amended— | ||
(a) by the substitution of the following subsection for subsection (1): | ||
“(1) In this Part, ‘pensionable pay’, in relation to a public servant and in respect of a specified period, means— | ||
(a) basic pay (excluding overtime) due to the public servant in respect of that period, and | ||
(b) allowances, emoluments or premium pay (or its equivalent) so due to him or her which, by virtue of subsection (2), are treated as pensionable pay, | ||
but does not include the amount of any such basic pay, allowances, emoluments or premium pay (or its equivalent) forgone under any salary sacrifice arrangement specifically approved by the Revenue Commissioners in relation to the provision to that public servant of an exempt employee benefit.”, | ||
and | ||
(b) by the insertion of the following subsection after subsection (4): | ||
“(5) In this section— | ||
‘Act of 1997’ means the Taxes Consolidation Act 1997 ; | ||
‘exempt employee benefit’ means a benefit specifically approved by the Revenue Commissioners which is referred to in section 118B(2)(a)(i) or (iii) of the Act of 1997; | ||
‘salary sacrifice arrangement’ has the same meaning as it has in section 118B of the Act of 1997.”. |