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Superannuation of staff of Agency.
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8.—(1) The Agency may make or arrange for the making of a scheme or schemes for the granting by the Agency of superannuation benefits to or in respect of persons (other than the Chief Executive) appointed to positions on the staff of the Agency.
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(2) A scheme under subsection (1) shall fix the time and conditions of retirement for all persons to or in respect of whom superannuation benefits are payable under the scheme or schemes and different times and conditions may be fixed in respect of different classes of persons.
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(3) The Agency may make or arrange for the making of a scheme amending or revoking a scheme under this section including a scheme under this subsection.
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(4) No superannuation benefit shall be granted by the Agency on the resignation, retirement or death of a member of the staff of the Agency (other than the Chief Executive) otherwise than in accordance with a scheme or schemes under this section.
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(5) In this section “superannuation benefits” means pensions, gratuities and other allowances payable on resignation, retirement or death.
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