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Superannuation.
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35.—(1) The Institute may from time to time and shall, on being requested by the Minister, prepare and submit to the Minister a scheme or schemes for the granting of pensions, gratuities and other allowances on retirement to the permanent staff of the Institute.
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(2) A scheme submitted to the Minister under this section may and shall, if so requested by the Minister, be a scheme establishing a fund to which the Institute and the members of the permanent staff thereof pay contributions.
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(3) A scheme submitted to the Minister under this section shall, if approved of by the Minister with the concurrence of the Minister for Finance, be carried out by the Institute in accordance with its terms.
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(4) The Institute may, at any time, with the approval of the Minister given with the concurrence of the Minister for Finance, amend a scheme under this section.
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(5) A scheme approved of under section 32 of the Act of 1946 shall be deemed to be a scheme approved of under this section and may be amended accordingly.
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(6) A scheme submitted and approved of under this section shall fix the time and conditions of retirement for all persons to whom pensions, gratuities or allowances on retirement are payable under the scheme, and different times and conditions may be fixed in respect of different classes of persons.
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(7) If any dispute arises as to the claim of any person to, or the amount of any pension, gratuity or allowance payable in pursuance of a scheme under this section, such dispute shall be submitted to the Minister who shall refer it to the Minister for Finance, whose decision thereon shall be final.
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(8) Every scheme submitted and approved of under this section shall be laid before each House of the Oireachtas as soon as may be after it is approved of and, if either House, within the next twenty-one days on which that House has sat after the scheme is laid before it, passes a resolution annulling the scheme, the scheme shall be annulled accordingly, but without prejudice to the validity of anything previously done thereunder.
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