S.I. No. 58/1987:

CORAS IOMPAIR ÉIREANN SUPERANNUATION SCHEME, 1951 (AMENDMENT) SCHEME (CONFIRMATION) ORDER, 1987.

CORAS IOMPAIR ÉIREANN SUPERANNUATION SCHEME, 1951 (AMENDMENT) SCHEME (CONFIRMATION) ORDER, 1987.

I, JIM MITCHELL, Minister for Communications, in exercise of the powers conferred on me by section 44 of the Transport Act, 1950 (No. 12 of 1950), and the Ministers and Secretaries (Amendment) Act, 1983 (No. 40 of 1983), hereby, after consultation with the Minister for the Public Service, order as follows:

1. This Order may be cited as the Coras Iompair Éireann Superannuation Scheme, 1951 (Amendment) Scheme (Confirmation) Order, 1987.

2. In this Order, "the amending Scheme" means the Scheme amending the Coras Iompair Éireann Superannuation Scheme, 1951 prepared by Coras Iompair Éireann and submitted to the Minister for Communications under section 44 of the Transport Act, 1950 (No. 12 of 1950), and set out in the Schedule to this Order.

3. The amending Scheme is hereby confirmed and shall be deemed to have come into operation on the 17th day of January, 1987.

SCHEDULE

CORAS IOMPAIR ÉIREANN SUPERANNUATION SCHEME, 1951 (AMENDMENT) SCHEME, 1987

1. Interpretation

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 scheduled to the Coras Iompair Éireann Superannuation Scheme, 1951 (Confirmation) Order, 1951 (No. 353 of 1951), and subsequently amended by the amending Schemes confirmed by Statutory Instruments numbered 221 of 1963, 80 of 1971, 254 of 1974, 47 of 1977, 126 of 1981, 245 of 1982, 345 of 1982, and 287 of 1985.

"The operative date" means the 17th day of January, 1987.

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

3. Amendment of the Existing Scheme

The existing Scheme shall be amended with effect on and from the operative date so as to conform to the provisions hereinafter contained and every provision of the existing Scheme which is inconsistent with the provisions hereinafter contained shall cease to have effect.

4. Rule 21 (7) (a), as inserted by S.I. No. 287 of 1985 , of the existing Scheme is hereby amended by the substitution of "before the 17th day of January 1988" for "before the 17th day of January, 1987".

GIVEN under my Official Seal, this 3rd day of March, 1987.

JIM MITCHELL,

Minister for Communications.

EXPLANATORY NOTE.

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