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Superannuation of staff of Company.
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11.—Any alteration in the terms in operation at the passing of this Act governing the grant of pensions, gratuities, allowances or other payments on resignation, retirement or death, to or in respect of a member of the permanent staff of the Company, including its chief officer, or any other arrangement to provide for benefits additional to those terms, shall take place only by way of a superannuation scheme or schemes submitted to the Minister and approved of by him with the consent of the Minister for the Public Service.
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