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1981_si_127 IE

S.I. No. 127/1981 - Coras Iompair Eireann, Salaried Officers' and Clerks' (G.S.R.) Superannuation Scheme (Amendment) Scheme, 1981 Confirmation Order, 1981.

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Statutory Text (3 Articles)

ISB SI

1. This Order may be cited as the Coras Iompair Eireann Salaried Officers' and Clerks' (GSR) Superannuation Scheme (Amendment) Scheme, 1981 (Confirmation) Order, 1981.

ISB SI

2. In this amending Scheme unless otherwise expressly stated words and expressions used shall have the meanings assigned to them by the existing Scheme.

3.

Amendment of the Existing Scheme

The following new Clause shall be inserted in the existing Scheme to follow Clause (3) of Rule 14 with effect from the operative date:—

"14 (3) (a). A member having 10 years pensionable membership whose services are dispensed with on or after the operative date and before the 1st day of March, 1982 because of redundancy arising from any scheme for the re-organisation or more economical operation of any department of the Board's undertaking, he or she then being between the age of 55 years and 60 years (or between the ages of 50 years and 55 years in the case of a female member who has not opted for a normal retiring age of 60 to 65 years) may, if the Board so agrees, be granted the superannuation allowance provided for under Clause (1) of this Rule.

(b) If an additional contribution to the Fund is required to meet the cost of providing a superannuation allowance under paragraph (

a

) above, it shall be contributed by the member or by the Board or jointly by the member and the Board as they may agree between them.

GIVEN under my Official Seal, this 3rd day of April, 1981.

ALBERT REYNOLDS

Minister for Transport

EXPLANATORY NOTE

The purpose of the scheme is to provide for the reduction, under certain conditions, of the retiring ages prescribed in the existing scheme, to allow for voluntary early retirement on redundancy.

ISB SI

S.I. No. 127 of 1981.

CORAS IOMPAIR EIREANN, SALARIED OFFICERS' AND CLERKS' (G.S.R.) SUPERANNUATION SCHEME (AMENDMENT) SCHEME, 1981 CONFIRMATION ORDER, 1981.

I, ALBERT REYNOLDS, Minister for Transport, in exercise of the powers conferred on me by Rule 54 (2) of the Coras Iompair Eireann, Salaried Officers' and Clerks' (GSR) Superannuation Scheme, the Transport, Fuel and Power (Transfer of Departmental Administration and Ministerial Functions) Order, 1959 (

S.I. No. 125 of 1959

), and the Tourism and Transport (Alteration of Name of Department and Title of Minister) Order, 1980 (

S.I. No. 11 of 1980

), and by virtue of the operation of

section 45

of the

Transport Act, 1950

(No. 12 of 1950), hereby order as follows

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