s.18Pension fund
18
Section 18Part 3 — Personnel of the Authority

Pension fund

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The Authority shall subscribe to the Public Service Pensions Fund in accordance with the provisions of the Public Service Pensions Law (2004 Revision) for the payment of pensions to all employees of the Authority.
Notwithstanding subsection (1) —
where an employee transferred in accordance with section 17 is entitled to a contracted officer's supplement the Authority shall not subscribe to the Public Service Pensions Fund in respect of such employee during the period in which the employee remains entitled to such supplement;
with respect to employees employed by the Authority after the 15th June, 2004 and who have not been transferred in accordance with this Law, the Authority has the option of subscribing to the Public Service Pensions Fund or of creating and maintaining or subscribing to a fund in accordance with the National Pensions Law (2000 Revision); and
the Authority shall not subscribe to any fund in respect of those employees who are employed under contracts which are six months or less in duration.
The Authority shall be considered to be an employer for the purposes of the Public Service Pensions Law (2004 Revision) and an employee transferred in accordance with section 17 shall not be considered to have retired from service for the purposes of that Law.

Cross References

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