S.I. No. 286/1966 - Córas Iompair Éireann (Members) Superannuation Scheme, 1960 (Amendment) Scheme, 1966.

I, ERSKINE H. CHILDERS, Minister for Transport and Power, in exercise of the powers conferred on me by Section 2 of the Transport Act, 1959 (No. 31 of 1959), and with the consent of the Minister for Finance, hereby make the following scheme:

1. (1) This Scheme may be cited as the Córas Iompair Éireann (Members) Superannuation Scheme, 1960 (Amendment) Scheme, 1966.

(2) This Scheme shall be deemed to have come into operation on the 1st day of January, 1965.

2. The Córas Iompair Éireann (Members) Superannuation Scheme, 1960 ( S.I. No. 139 of 1960 ), is hereby amended by the substitution of the following Article for Article 10 :

" 10. (1) Where—

(a) a pension (in this Article referred to as the pension) is payable by the Board to a person (in this paragraph referred to as the pensioner), and

(b) the pensioner receives any payment (inclusive of the money value of emoluments (being any apartments, rations or other perquisites in kind), if any) (in this Article referred to as the payment) in respect of employment in a situation consisting of membership of or employment by the Board or any of its subsidiaries,

no more of the pension shall be paid for any specified period of receipt of the payment than so much as, with the payment, equals the remuneration which the pensioner would have received in respect of that period if, during it, he—

(i) held the office in which he served on the last day of his pensionable service, but

(ii) was remunerated at the rate of remuneration (inclusive of any money value of emoluments (being any apartments, rations or other perquisites in kind), if any) of which he was in receipt on that day, subject, however, in case changes have taken place (or, if the said office has ceased to exist, would have taken place if it had not ceased to exist) in that rate, to treating that rate as being varied by taking account of so much of those changes as may be specified.

(2) In this Article ' specified ' means specified by the Minister for Finance."

GIVEN under my Official Seal, this 30th day of December, 1966.

ERSKINE H. CHILDERS,

Minister for Transport and Power.

The Minister for Finance hereby consents to the making of the foregoing Scheme.

GIVEN under the Official Seal of the Minister for Finance, this 30th day of December, 1966.

CHARLES J. HAUGHEY.

EXPLANATORY NOTE.

This instrument amends the pension abatement provisions in the Córas Iompair Éireann (Members) Superannuation Scheme, 1960 to bring them into line with the provisions of the Pensions (Abatement) Act, 1965 .