Electricity Supply Board (Superannuation) Act, 1942

Power of the Board to pay gratuities to persons excluded by ill-health from superannuation schemes.

16.—(1) This section applies to every person in the employment of the Board who is precluded solely on the ground of his health from paying contributions and receiving benefits under a superannuation scheme under this Act.

(2) It shall be lawful for the Board, if they so think fit, to pay to a person to whom this section applies a gratuity on his retirement from service in the employment of the Board of such amount as the Board shall think proper, but exceeding neither an amount equal to the annual salary or wages payable to such person by the Board immediately before his said retirement nor one-twelfth of such salary or wages multiplied by the number of years of service of such person in the employment of the Board.