S.I. No. 365/1992 - Occupational Benefit Schemes (Equal Treatment) Regulations, 1992.

S.I. No. 365 of 1992.

OCCUPATIONAL BENEFIT SCHEMES (EQUAL TREATMENT) REGULATIONS, 1992.

The Minister for Social Welfare, in exercise of the powers conferred on him by section 5 and section 71 (3) (as inserted by section 62 of the Social Welfare Act, 1992 ) of the Pensions Act, 1990 (No. 25 of 1990), hereby makes the following Regulations:

1 Citation.

1. These Regulations may be cited as the Occupational Benefit Schemes (Equal Treatment) Regulations, 1992.

2 Commencement.

2. These Regulations shall come into operation on the 1st day of January, 1993.

3 Equal Treatment.

3. The period prescribed for the purposes of section 71 (3) shall be—

( a ) a period of 25 years (commencing on 1 January, 1993) for the purposes of retirement ages; and

( b ) a period of 6 years (commencing on 1 January, 1993) in any other case.

GIVEN under the Official Seal of the Minister for Social Welfare, this 30th day of November, 1992.

CHARLIE McCREEVEY,

Minister for Social Welfare.

EXPLANATORY NOTE.

These Regulations allow that in applying the principle of equal treatment in occupational benefit schemes from 1 January 1993 under the provisions of the Pensions Act, entitlements which accrued prior to 17 May 1990 under pensions scheme rules may be retained for a period of 25 years where they arise from the application of different retirement ages for men and women and 6 years in any other case.