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AI Summary of 27. Superannuation

Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 5 March 2025 - onwards
Version 2 of 2

27. Superannuation

(1) The Authority shall, with the approval of the Minister given with the consent of the Minister for Public Expenditure, National Development Plan Delivery and Reform, make a scheme or schemes for the granting of superannuation benefits to, or in respect of, a person -

(a) appointed chief executive who on such appointment is not, or does not become, a member of the Single Public Service Pension Scheme, or

(b) who, on becoming a member of staff of the Authority, is not, or does not become, a member of that Scheme.

(2) A scheme under this section shall fix the time and conditions of retirement of all persons to, or in respect of whom, superannuation benefits are payable under the scheme and different times and conditions may be fixed in respect of different classes of persons.

(3) The Authority may, with the approval of the Minister given with the consent of the Minister for Public Expenditure, National Development Plan Delivery and Reform, make a scheme amending a scheme under this section including a scheme under this subsection.

(4) A scheme under this section shall, if approved by the Minister, be carried out by the Authority in accordance with its terms.