Electricity (Supply) (Amendment) Act, 1958

Superannuation of R. F. Browne.

14.— (1) Where, at the commencement of this Act, Richard F. Browne holds the office of chairman of the Board, section 2 of the Superannuation Act of 1942, as amended by section 19 of the Act of 1954, shall have effect, in respect of the said Richard F. Browne, as if in subsection (1) “one forty-eighth of the yearly salary of such member for every completed year of whole-time membership of the Board, but subject to a maximum of twenty-four forty-eighths of such yearly salary” were deleted and “one eightieth of the yearly salary of such member for every completed year of the aggregate period of his service in any situation in a public department (as defined in section 3 of this Act) and as a whole-time member of the Board, but subject to a maximum of forty eightieths of such salary and to grant and pay to such member a gratuity of an amount calculated at the rate of one thirtieth of the yearly salary of such member for every completed year of such aggregate period of such service, but subject to a maximum of forty-five thirtieths of such yearly salary” were substituted therefor.

(2) Richard F. Browne, chairman of the Board, shall not be granted any allowance under the Superannuation Acts, 1834 to 1956.