S.I. No. 121/1992 -- Great Southern Railways Company Pension Scheme For Regular Wages Staff (Amendment) Scheme (Confirmation) Order, 1992.

S.I. No. 121/1992 -- Great Southern Railways Company Pension Scheme For Regular Wages Staff (Amendment) Scheme (Confirmation) Order, 1992. 1992 121

S.I. No. 121/1992:

GREAT SOUTHERN RAILWAYS COMPANY PENSION SCHEME FOR REGULAR WAGES STAFF (AMENDMENT) SCHEME (CONFIRMATION) ORDER, 1992.

I, MÁIRE GEOGHEGAN-QUINN, Minister for Tourism, Transport and Communications, in exercise of the powers conferred on me by section 44 of the Transport Act, 1950 (No. 12 of 1950), the Communications (Transfer of Departmental Administration and Ministerial Functions) (No. 2) Order, 1987 ( S.I. No. 92 of 1987 ), and the Tourism and Transport (Alteration of Name of Department and Title of Minister) Order, 1991 ( S.I. No. 25 of 1991 ), hereby, after consultation with the Minister for Finance, order as follows:

(1) This Order may be cited as the Great Southern Railways Company Pension Scheme for Regular Wages Staff (Amendment) Scheme (Confirmation) Order, 1992.

2. In this Order, "the amending Scheme" means the Scheme amending the Great Southern Railways Company Pension Scheme for Regular Wages Staff prepared by Córas Iompair Éireann and duly submitted to the Minister for Tourism, Transport and Communications, as 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 1st day of February, 1991.

SCHEDULE.

GREAT SOUTHERN RAILWAYS COMPANY PENSION SCHEME FOR REGULAR WAGES STAFF (AMENDMENT) SCHEME, 1922.

Definitions.

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

"the existing Scheme" means the Great Southern Railways Company Pension Scheme for Regular Wages Staff as confirmed by the Transport Act, 1944 (Section 45) Order, 1945( S. R. & O. No. 55 of 1945 ) and as amended by an amending Scheme confirmed by the Minister for Industry and Commerce on the 31st of October, 1957 and further amended by amending Schemes confirmed by Statutory Instruments numbered 57 of 1961, 49 of 1965, 8 of 1967, 59 of 1969, 78 of 1971, 250 of 1974, 289 of 1977, 75 of 1980, 182 of 1982, 289 of 1985, 320 of 1985, 56 of 1987, 196 of 1988 and 259 of 1988.

"the operative date" means the 1st day of February, 1991.

"this Scheme" means the existing Scheme as hereby amended.

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

Continuance of the existing Scheme.

2. (1) The benefits provided by the existing Scheme shall continue to be paid or be payable under and in accordance with the terms thereof and without alteration to every pensioner whose right to pension accrued prior to the operative date or to the personal representative of such a pensioner and to the personal representative of a member whose death occurred prior to the operative date.

(2) Nothing in this amending Scheme shall affect the rights of any of the persons mentioned in the previous sub-article, nor shall this amending Scheme affect any subsisting right or liability accrued to or incurred by any person under the existing Scheme prior to the operative date.

(3) Deferred and special pensions now payable or at any time to become payable shall not be affected by this amending Scheme.

Amendment of the existing Scheme.

3. (1) Subject to the provisions of Article 2 of this amending 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.

(2) The increased contributions and benefits provided for by this amending Scheme are, where applicable, in substitution for the corresponding contributions and benefits provided for by the existing Scheme.

Rate of Contribution.

4. The Table of Rates of Contributions inserted in the existing Scheme by Article 5 of the Schedule to Statutory Instrument No. 259 of 1988 shall be deleted and as from the operative date all members shall contribute to this Scheme by payment into the Fund at the rates determined by reference to columns (1) and (6) of Tables A and B in Article 5 of this amending Scheme.

Full Pension.

5. Table A of the existing Scheme shall be deleted and, in respect of any pension the right to which accrues on or after the operative date, the full pensions (including alternative full pensions and the total payments) for all members except Particular Female Members shall be the amounts determined by reference to columns (1) to (5) of Table A hereunder and for Particular Female Members shall be the amounts determined by reference to columns (1) to (5) of Table B hereunder.

TABLE A.

Basic Weekly Wage	Weekly Pension
Basic Weekly Wage	Alternative Rates
For Life	For 5 Years Age 65/70	There- after For Life	Total Payments	Weekly Contributions
(1)	(2)	(3)	(4)	(5)	(6)
£p.w.	£ p.w.	£ p.w.	£ p.w.	£ p.w.	£ p.w.
Not exceeding 85.00	16.50	16.93	16.18	4,290	2.07
85.01--90.00	17.50	17.93	17.18	4,550	2.22
90.01--95.00	18.50	18.93	18.18	4,810	2.37
95.01--100.00	19.50	19.93	19.18	5,070	2.52
100.01--105.00	20.50	20.93	20.18	5,330	2.67
105.01--110.00	21.50	21.93	21.18	5,590	2.82
110.01--115.00	22.50	22.93	22.18	5,850	2.97
115.01--120.00	23.50	23.93	23.18	6,110	3.12
120.01--125.00	24.50	24.93	24.18	6,370	3.27
125.01--130.00	25.50	25.93	25.18	6,630	3.42
130.01--135.00	26.50	26.93	26.18	6,890	3.57
135.01--140.00	27.50	27.93	27.18	7,150	3.72
140.01--145.00	28.50	28.93	28.18	7,410	3.87
145.01--150.00	29.50	29.93	29.18	7,670	4.02
150.01--155.00	30.50	30.93	30.18	7,930	4.17
155.01--160.00	31.50	31.93	31.18	8,190	4.32
160.01--165.00	32.50	32.93	32.18	8,450	4.47
165.01--170.00	33.50	33.93	33.18	8,710	4.62
170.01--175.00	34.50	34.93	34.18	8,970	4.77
175.01--180.00	35.50	35.93	35.18	9,230	4.92
180.01--185.00	36.50	36.93	36.18	9,490	5.07
185.01--190.00	37.50	37.93	37.18	9,750	5.22
190.01--195.01	38.50	38.93	38.18	10,010	5.37
195.01--200.00	39.50	39.93	39.18	10,270	5.52
over 200	40.50	40.93	40.18	10,530	5.67

TABLE B.

Basic Weekly Wage	Weekly Pension
Basic Weekly Wage	Alternative Rates
For Life	For 10 Years Age 65/70	There- after For Life	Total Payments	Weekly Contributions
(1)	(2)	(3)	(4)	(5)	(6)
£ p.w.	£ p.w.	£ p.w.	£ p.w.	£ p.w.	£ p.w.
Not exceeding 85.00	11.07	11.22	10.85	2,878	2.07
85.01--90.00	11.75	11.90	11.53	3,055	2.22
90.01--95.00	12.42	12.57	12.20	3,229	2.37
95.01--100.00	13.10	13.25	12.88	3,406	2.52
100.01--105.00	13.77	13.92	13.55	3,580	2.67
105.01--110.00	14.45	14.60	14.23	3,757	2.82
110.01--115.00	15.12	15.27	14.90	3,931	2.97
115.01--120.00	15.80	15.95	15.58	4,108	3.12
120.01--125.00	16.47	16.62	16.25	4,282	3.27
125.01--130.00	17.15	17.30	16.93	4,459	3.42
130.01--135.00	17.82	17.97	17.60	4,633	3.57
135.01--140.00	18.50	18.65	18.28	4,810	3.72
140.01--145.00	19.17	19.32	18.95	4,984	3.87
145.01--150.00	19.85	20.00	19.63	5,161	4.02
150.01--155.00	20.52	20.67	20.30	5,335	4.17
155.01--160.00	21.20	21.35	20.98	5,512	4.32
160.01--165.00	21.87	22.02	21.65	5,686	4.47
165.01--170.00	22.55	22.70	22.33	5,863	4.62
170.01--175.00	23.22	23.37	23.00	6,037	4.77
175.01--180.00	23.90	24.05	23.68	6,214	4.92
180.01--185.00	24.57	24.72	24.35	6,388	5.07
185.01--190.00	25.25	25.40	25.03	6,565	5.22
190.01--195.01	25.92	26.07	25.70	6,739	5.37
195.01--200.00	26.60	26.75	26.38	6,916	5.52
over 200	27.27	27.42	27.05	7,090	5.67

GIVEN under my Official Seal this 20th day of May, 1922.

MÁIRE GEOGHEGAN QUINN,

Minister for Tourism, Transport and

Communications.

EXPLANATORY NOTE.

The purpose of the Order is to confirm a scheme to amend the existing pension scheme so as to provide for increased pensions and improved benefits for certain members of the scheme.

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S.I. No. 121/1992 -- Great Southern Railways Company Pension Scheme For Regular Wages Staff (Amendment) Scheme (Confirmation) Order, 1992.