s.36Pension fund
36
Section 36Part 3 — General

Pension fund

←→ Navigate  ·  Click subsection badges to collapse  ·  Press ? for help

The Authority shall subscribe to the Public Service Pensions Fund in accordance with the Public Service Pensions Law (2017 Revision) for the payment of pensions to all employees of the Authority.
Notwithstanding subsection (1) —
where an employee transferred in accordance with section 16 is entitled to a contracted officer's supplement, the Authority shall not subscribe to the 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 1st July, 2002 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 (2012 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 (2017 Revision), and an employee referred to under subsection (1)(a) shall not be considered to have retired from Service for the purposes of that Law.

Cross References

Referenced By