CHAPTER
38
APPROVED AUTHORITIES TRANSFER |
ARRANGEMENT OF
SECTIONS |
SECTION |
|
|
Pension benefits of persons transferred from one
authority to another. |
CHAPTER 38 |
APPROVED
AUTHORITIES TRANSFER |
An Act to
facilitate the transfer of persons from one approved authority to another and
to preserve the pension benefits of those persons transferred. | 29 of 1996 |
[Assent 24th
December, 1996]
[Commencement 30th December, 1996] |
1. This Act may be cited as the Approved Authorities
Transfer Act, 1996. | Short title. |
2. In this Act- | Interpretation. |
"approved
authority" has the meaning assigned to it by the Pensions Act. |
3. (1) Whenever any person employed by an approved
authority in pensionable circumstances is transferred to any pensionable office
under another approved authority with the consent of the relevant approved
authorities, the service of such person under the approved authority to another
approved authority with which he was employed (in this section referred to as
the "transferring authority") shall be reckoned to be pensionable
service under the approved authority to which he is transferred (in this
section referred to as the "receiving authority) and as continuous service
for the purpose of computing his pension. | Pension benefits of persons transferred from one authority
to another. |
(2) The receiving
authority shall not consent to the transfer of that person to pensionable
service under that approved authority unless and until the transferring
authority has made satisfactory arrangements for the payment to the pension
fund of the receiving authority of such proportion of the cost of any pension
or other benefit to be granted to that person as the length of his service with
the transferring authority shall bear to the total length of his continuous
service with both the receiving authority and the transferring authority taken
together. |
(3) Any pension
payable to any such person as is mentioned in subsection (1) by the receiving
authority shall be calculated and granted to him in respect of his total
service under the transferring authority and under the receiving authority
taken together and such total service shall be reckoned as continuous service
for pension purposes. |