Railways Act, 1924

Preparation of scheme for superannuation fund.

57.—(1) The amalgamated company shall, within one year after the 1st day of January, 1925, or such other period as may be fixed by the Minister, prepare for discussion with the trade unions representing the employees of the amalgamated company a scheme for providing on a contributory basis a superannuation fund for such of the employees of the amalgamated company as can, with due regard to actuarial considerations, be provided for out of such a fund.

(2) The scheme so to be prepared by the amalgamated company shall provide for representatives of the employees being associated in the management of the superannuation fund.