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Superannuation.
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19.—(1) It shall be the duty of the Council, as soon as conveniently may be after the passing of this Act, to prepare and submit to the Minister a scheme for the granting of pensions, gratuities, or other allowances on retirement to such Senior Professors and permanent whole-time members of the academic staff of the several Constituent Schools, and to such permanent whole-time officers of the Institute as the Council, with the approval of the Minister and the concurrence of the Minister for Finance, may determine.
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(2) Any scheme submitted to the Minister under this section shall, if approved of by the Minister with the concurrence of the Minister for Finance, be carried out by the Council in accordance with the terms thereof.
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(3) The Council may at any time, with the approval of the Minister given with the concurrence of the Minister for Finance, amend any scheme under this section.
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(4) The scheme submitted and approved of under this section shall fix the time and conditions of retirement for all persons to whom pensions, gratuities, or allowances on retirement are payable under the scheme, and different such times and conditions may be so fixed in respect of different classes of such persons.
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(5) If any dispute shall arise as to the claim of any person to, or the amount of, any pension, gratuity or allowance payable in pursuance of a scheme under this section, such dispute shall be submitted to the Minister who shall refer it to the Minister for Finance, whose decision thereon shall be final.
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(6) Every scheme submitted and approved of under this section shall be laid before each House of the Oireachtas as soon as may be after it is so approved of and if either House shall, within the next twenty-one days on which such House has sat after such scheme is laid before it, pass a resolution annulling such scheme, such scheme shall be annulled accordingly, but without prejudice to the validity of anything previously done thereunder.
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