S.I. No. 58/1969 - Córas Iompair Éireann Amending Superannuation Scheme For Regular Wages Staff (Confirmation) Order, 1969.

1. Definitions

In this amending Scheme " the existing Scheme " means the Córas Iompair Éireann Pension Scheme for Regular Wages Staff confirmed by the Córas Iompair Éireann Supperannuation Scheme for Regular Wages Staff (Confirmation) Order, 1945, (

S. R. & O. No. 242 of 1945

) as amended by (a) the Córas Iompair Éireann Amending Superannuation Scheme for Regular Wages Staff (Confirmation) Order, 1949 (

S.I. No. 115 of 1949

) (b), the Córas Iompair Éireann Amending Superannuation Scheme for Regular Wages Staff (Confirmation) Order, 1955 (

S.I. No. 34 of 1955

), (c) the Córas Iompair Éireann Amending Superannuation Scheme for Regular Wages Staff (Confirmation) Order, 1957 (

S.I. No. 226 of 1957

), (d) the Córas Iompair Éireann Amending Superannuation Scheme for Regular Wages Staff (Confirmation) Order, 1961, (

S.I. No. 56 of 1961

), (e) the Córas Iompair Éireann Amending Superannuation Scheme for Regular Wages Staff (Confirmation) Order, 1965, (

S.I. No. 48 of 1965

) and (f) the Córas Iompair Éireann (Amending) Superannuation Scheme for Regular Wages Staff (Confirmation) Order, 1967 (

S.I. No. 7 of 1967

).

The term " operative date " means the date of the Order of the Minister for Transport and Power confirming this amending Scheme.

The terms " total payments " and " full pension " shall have the meanings assigned to them by the existing Scheme.

2. Continuance of the existing Scheme

(1) The benefits provided by the existing Scheme shall continue to be paid or be payable under and in accordance with the terms thereof and without alteration to every pensioner whose right to pension accrued prior to the operative date and to the personal representative of any deceased pensioner if the deceased's right to pension accrued prior to the operative date.

(2) Nothing in this amending Scheme shall affect the rights of any of the persons mentioned in the previous sub-article, nor shall this amending Scheme affect any subsisting right or liability accrued to or incurred by any person under the existing Scheme prior to the operative date.

(3) Deferred and special pensions now payable or at any time to become payable shall not be affected by this amending Scheme.

3. Amendment of the existing Scheme

(1) Subject to the provisions of Article 2 of this amending Scheme, the existing Scheme shall be amended so as to conform to the provisions hereinafter contained, and every provision of the existing Scheme which is inconsistent with the provisions hereinafter contained shall cease to have effect.

(2) The increased contributions and benefits provided for by this amending Scheme are, where applicable, in substitution for the corresponding contributions and benefits provided for by the existing Scheme.

4. Rate of Contribution

As from the operative date members shall contribute to this Scheme by payment into the Fund at the following rates :—

Basic Weekly Wage of Members

Members Weekly Contributions

s.

d.

Males

Not exceeding

£9 15s.

4

0

Exceeding

£9 15s. but not exceeding £10 15.s

5

0

Exceeding

£10 15s. but not exceeding £11 15s.

6

0

Exceeding

£14 15s. but not exceeding £14 15s.

7

0

Exceeding

£14 15s. but not exceeding £15 15s.

8

0

Exceeding

£15 15s.

9

0

Females

Not exceeding

£6

1

9

Exceeding

£6 but not exceeding £7

2

6

Exceeding

£7

3

6

5. Full Pension

The full pensions (including alternative full pensions) and the total payments set out in Table A hereunder shall be substituted for the like pensions and total payments set out in Table A of the existing Scheme in respect of any pension (other than a deferred or special pension) first becoming payable on or after the operative date.

TABLE A

Males

Basic Weekly Wage

Weekly Pension

Total Payments

For Life

Alternative Rate

For 5 yrs. age 65 to 70

Thereafter for Life

(1)

(2)

(3)

(4)

(5)

£

s.

d.

£

s.

d.

£

s.

d.

£

Not exceeding £9 15s.

2

10

0

2

18

6

2

3

6

650

Exceeding £9 15s. and not exceeding £10 15s.

3

0

0

3

8

6

2

13

6

780

Exceeding £10 15s. and not exceeding 11 15s.

3

10

0

3

18

6

3

3

6

910

Exceeding £11 15s. and not exceeding £14 15s.

4

0

0

4

8

6

3

13

6

1,040

Exceeding £14 15s. and not exceeding £15 15s.

4

10

0

4

18

6

4

3

6

1,170

Exceeding £15 15s.

5

0

0

5

8

6

4

13

6

1,300

Females

Basic Weekly age

Weekly Pension

Total Payments

For Life

Alternative Rate

For 10 yrs. age 60 to 70

Thereafter for Life

(1)

(2)

(3)

(4)

(5)

£

s.

d.

£

s.

d.

£

s.

d.

£

Not exceeding £6

1

0

0

1

3

0

15

6

260

Exceeding £6 and not exceeding £7

1

10

0

1

13

0

1

5

6

390

exceeding £7

2

0

0

2

3

0

1

15

6

520

GIVEN under my Official Seal, this 14th day of April, 1969.

ERSKINE H. CHILDERS,

Minister for Transport and Power.

EXPLANATORY NOTE.

The purpose of the Order is to confirm a scheme to amend the existing Córas Iompair Éireann Pension Scheme for Regular Wages Staff so as to provide for increased pensions for certain members of the scheme.

WHEREAS by the Córas Iompair Éireann Superannuation Scheme for Regular Wages Staff (Confirmation) Order, 1945 (

S. R. & O. No. 242 of 1945

), made under

section 44

(2) of the

Transport Act, 1944

(No. 21 of 1944), the Córas Iompair Éireann Pension Scheme for Regular Wages Staff (a copy whereof is set out in the Schedule to the said Order) was confirmed

AND WHEREAS Córas Iompair Éireann has, in pursuance of

section 44

(5) of the

Transport Act, 1950

(No. 12 of 1950), and the Transport, Fuel and Power (Transfer of Departmental Administration and Ministerial Functions) Order, 1959 (

S.I. No. 125 of 1959

), submitted to the Minister for Transport and Power a scheme (in these Recitals referred to as the amending scheme) amending the said Córas Iompair Éireann Pension Scheme for Regular Wages Staff

AND WHEREAS the Minister for Transport and Power proposes to confirm the amending scheme

NOW, I, ERSKINE H. CHILDERS, Minister for Transport and Power, in exercise of the powers conferred on me by

sections 44

(4) and

44

(5) of the

Transport Act, 1950

(No. 12 of 1950) and the Transport, Fuel and Power (Transfer of Departmental Administration and Ministerial Functions) Order, 1959 (

S.I. No. 125 of 1959

), hereby, after consultation with the Minister for Finance, order as follows