Teachers Superannuation Act, 1928
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Contents of superannuation scheme. |
3.—(1) A superannuation scheme may contain provisions in relation to all or any of the following matters, that is to say:— | |
(a) the setting up of a pension fund for the purposes of such scheme and the administration of such fund; | ||
(b) the payment into such fund by teachers to whom such scheme applies of such contributions as may be prescribed by such scheme; | ||
(c) the payment into such fund of such moneys as may be provided by the Oireachtas for the purposes of such scheme; | ||
(d) the payment out of such fund to or in respect of teachers to whom such scheme applies of pensions and gratuities at such rates in such manner and on such conditions and restrictions (including restrictions on alienation) as may be prescribed by such scheme. | ||
(2) A superannuation scheme may authorise the deduction of such sums as may be prescribed by such scheme from or in respect of salaries or other payments payable to teachers to whom such scheme applies and the payment of the sums so deducted into the pension fund set up under such scheme. | ||
(3) A superannuation scheme may (in addition to or without the deductions mentioned in the foregoing sub-section) authorise the deduction of such sums as may be prescribed by such scheme from any grants payable in respect of schools in which teachers to whom such scheme applies are employed and the payment of the sums so deducted into the pension fund set up under such scheme. | ||
(4) Where a superannuation scheme is expressed to apply to any class of teachers to whom the National School Teachers (Ireland) Act, 1879, applies, such scheme may be in addition to or in substitution for the provisions of the said Act as amended by the Pensions (Increase) Act, 1920 , relating to such class of teachers and may revoke or amend such provisions accordingly. |