Electricity (Supply) (Amendment) Act, 1958

Amendment of section 7 of the Superannuation Act of 1942.

17.—Section 7 of the Superannuation Act of 1942 is hereby amended by the insertion after subsection (6) of the following subsection:

“(7) (a) Notwithstanding anything contained in the foregoing provisions of this section, a scheme amending the manual workers superannuation scheme may provide that if, in respect of any superannuation benefit provided by virtue of any amendment under this Act of the manual workers superannuation scheme, a contributor who was in the employment of the Board on the 1st day of April, 1943, does not pay to the fund set up for the purposes of the manual workers superannuation scheme contributions in respect of that part of his subsequent service beginning on the date of his election under subsection (4) of this section and ending on the date of payment of his first contribution in respect of that benefit, the Board shall pay to the said fund appropriate contributions (with compound interest) in respect of that part of that contributor's subsequent service and that contributor shall (save as is otherwise provided in this section) be entitled to reckon for that superannuation benefit one half and no more of that part of his subsequent service.

(b) In this subsection ‘subsequent service’ means the service referred to as subsequent service in paragraph (a) of subsection (4) of this section.”