S.I. No. 291/1977 - Great Northern Railway Company (Ireland) Pension Fund For Wages Staff (Amendment) Scheme (Confirmation) Order, 1977.

1. This Order may be cited as the Great Northern Railway Company (Ireland) Pension Fund for Wages Staff (Amendment) Scheme (Confirmation) Order, 1977.

2. In this Order "the scheme" means the scheme amending the Great Northern Railway Company (Ireland) Pension Fund for Wages Staff prepared by the Board and submitted to the Minister under

section 15

of the

Great Northern Railway Act, 1958

, (No. 20 of 1958), and set out in the Schedule to this Order.

3. The scheme is hereby confirmed and shall be deemed to have come into operation on the 1st day of July, 1977.

SCHEDULE.

GREAT NORTHERN RAILWAY COMPANY (IRELAND)

PENSION FUND FOR WAGES STAFF AMENDING SCHEME.

1.

Definitions

In this Amending Scheme "the existing Scheme" means the Great Northern Railway Company (Ireland) Pension Fund for Wages Staff as amended by

(

a

) the Great Northern Railway Company (Ireland) Pension Fund (Amendment) Scheme for Wages Staff (Confirmation) Order, 1962, (

S.I. No. 53 of 1962

);

(

b

) the Great Northern Railway Company (Ireland) Pension Fund for Wages Staff (Amendment) Scheme (Confirmation) Order, 1965, (

S.I. No. 50 of 1965

);

(

c

) the Great Northern Railway Company (Ireland) Pension Fund for Wages Staff (Amendment) Scheme (Confirmation) Order, 1967, (

S.I. No. 9 of 1967

);

(

d

) the Great Northern Railway Company (Ireland) Pension Fund for Wages Staff (Amendment) Scheme (Confirmation) Order, 1969, (

S.I. No. 60 of 1969

);

(

e

) the Great Northern Railway Company (Ireland) Pension Fund (Amendment) Scheme for Wages Staff (Confirmation) Order, 1971, (

S.I. No. 81 of 1971

), and

(

f

) the Great Northern Railway Company (Ireland) Pension Fund (Amendment) Scheme for Wages Staff (Confirmation) Order, 1974, (

S.I. No. 251 of 1974

).

The term "operative date" means the 1st day of July 1977.

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

Member's Weekly Contribution

Males

£

£

Not exceeding 9·75

0·20

Exceeding 9·75 and not exceeding 10·75

0·25

Exceeding 10·75 and not exceeding 11·75

0·30

Exceeding 11·75 and not exceeding 14·75

0·35

Exceeding 14·75 and not exceeding 15·75

0·40

Exceeding 15·75 and not exceeding 24·00

0·45

Exceeding 24·00 and not exceeding 25·50

0·53

Exceeding 25·50 and not exceeding 27·00

0·61

Exceeding 27·00 and not exceeding 39·00

0·72

Exceeding 39·00 and not exceeding 42·00

0·87

Exceeding 42·00 and not exceeding 45·00

1·02

Exceeding 45·00 and not exceeding 48·00

1·17

Exceeding 48·00 and not exceeding 51·00

1·32

Exceeding 51·00 and not exceeding 54·00

1·47

Exceeding 54·00 and not exceeding 57·00

1·62

Exceeding 57·00 and not exceeding 60·00

1·77

Exceeding 60·00 and not exceeding 63·00

1·92

Exceeding 63·00

2·07

Females

Not exceeding 6·00

0·08

Exceeding 6·00 and not exceeding 7·00

0·12

Exceeding 7·00 and not exceeding 11·75

0·17

Exceeding 11·75 and not exceeding 25·00

0·27

Exceeding 25·00 and not exceeding 27·00

0·37

Exceeding 27·00 and not exceeding 29·00

0·47

Exceeding 29·00

0·60

5.

Full Pension

The full pensions (including alternative full pension) 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.

Basic Weekly Wage

Weekly Pension for Life

Alternative Weekly Pensions

Total Payments

Males

For 5 years (65-70)

Thereafter for life

£

£

£

£

£

Not exceeding 9·75

2·50

2·93

2·18

650

Not exceeding 10·75

3·00

3·43

2·68

780

Not exceeding 11·75

3·50

3·93

3·18

910

Not exceeding 14·75

4·00

4·43

3·68

1,040

Not exceeding 15·75

4·50

4·93

4·18

1,170

Not exceeding 24·00

5·00

5·43

4·68

1,300

Not exceeding 25·50

5·75

6·18

5·43

1,495

Not exceeding 27·00

6·50

6·93

6·18

1,690

Not exceeding 39·00

7·50

7·93

7·18

1,950

Not exceeding 42·00

8·50

8·93

8·18

2,210

Not exceeding 45·00

9·50

9·93

9·18

2,470

Not exceeding 48·00

10·50

10·93

10·18

2,730

Not exceeding 51·00

11·50

11·93

11·18

2,990

Not exceeding 54·00

12·50

12·93

12·18

3,250

Not exceeding 57·00

13·50

13·93

13·18

3,510

Not exceeding 60·00

14·50

14·93

14·18

3,770

Not exceeding 63·00

15·50

15·93

15·18

4,030

Exceeding 63·00

16·50

16·93

16·18

4,290

Females

For 10 yrs. (60-70)

Thereafter for life

Not exceeding 6·00

1·00

1·15

0·78

260

Not exceeding 7·00

1·50

1·65

1·28

390

Not exceeding 11·75

2·00

2·15

1·78

520

Not exceeding 25·00

2·75

2·90

2·53

715

Not exceeding 27·00

3·75

3·90

3·53

975

Not exceeding 29·00

4·75

4·90

4·53

1,235

Exceeding 29·00

5·75

5·90

5·53

1,495

GIVEN under my Official Seal, this 8th day of September, 1977.

PADRAIG FAULKNER.

Minister for Transport and Power.

EXPLANATORY NOTE.

The purpose of the Order is to confirm a scheme to amend the existing pension scheme so as to provide for increased pensions for certain members of the scheme.

S.I. No. 291 of 1977.

GREAT NORTHERN RAILWAY COMPANY (IRELAND) PENSION FUND FOR WAGES STAFF (AMENDMENT) SCHEME (CONFIRMATION) ORDER, 1977.

I, PADRAIG FAULKNER, Minister for Transport and Power, in exercise of the powers conferred on me by

section 44

(6) of the

Transport Act, 1950

(No. 12 of 1950), as applied by

section 15

of the

Great Northern Railway Act, 1958

(No. 20 of 1958), and adapted by 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 the Public Service, order as follows