S.I. No. 126/1981:

C.I.E. SUPERANNUATION SCHEME, 1951 (AMENDMENT) SCHEME, 1981 (CONFIRMATION) ORDER, 1981.

C.I.E. SUPERANNUATION SCHEME, 1951 (AMENDMENT) SCHEME, 1981 (CONFIRMATION) ORDER, 1981.

I, ALBERT REYNOLDS, Minister for Transport, in exercise of the powers conferred on me by sections 44 (4) and 44 (5) of the Transport Act, 1950 (No. 12 of 1950), 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 ) hereby after consultation with the Minister for the Public Service, order as follows:

1. This Order may be cited as the C.I.E. Superannuation Scheme, 1951 (Amendment) Scheme, 1981 (Confirmation) Order, 1981.

2. The amending scheme submitted by the Board under section 44 (5) of the Transport Act, 1950 (No. 12 of 1950), as modified by the Minister for Transport (a copy of which, as so modified, is set out in the Schedule to this Order), is hereby confirmed, and shall be deemed to have come into operation on the first day of March, 1981, and shall expire on the last day of February, 1982.

SCHEDULE.

C.I.E. SUPERANNUATION SCHEME, 1951 (AMENDMENT SCHEME), 1981.

Interpretation.

1. In this amending Scheme the following words and expressions shall have the meanings hereby assigned to them unless there is something inconsistent in the subject matter or the context repugnant to such construction:--

"The existing Scheme" means the C.I.E. Superannuation Scheme, 1951 set out in the Schedule to the Coras Iompair Eireann Superannuation Scheme, 1951 (Confirmation) Order, 1951 ( S.I. No. 353 of 1951 ) as amended by the subsequent Amending Schemes confirmed by Statutory Instruments No. 221 of 1963 and No. 80 of 1971 and No. 254 of 1974 and No. 47 of 1977.

"operative date" means the 1st day of March, 1981.

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

Amendment of the Existing Scheme.

3. The following new Clause shall be inserted to follow Clause (6) of Rule 21 of the existing Scheme with effect from the operative date:--

"21 (7) ( 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.