Social Welfare Act, 1990

Transfer of moneys to Social Insurance Fund.

24.— (1) All moneys standing to the credit of the Occupational Injuries Fund under section 67 of the Principal Act on the 30th day of April, 1990, shall be transferred to the Social Insurance Fund on the 1st day of May, 1990.

(2) All investments made by the Minister for Finance under section 67 (5) of the Principal Act and standing to the credit of the Occupational Injuries Fund on the 30th day of April, 1990, shall be transferred to the investment account of the Social Insurance Fund on the 1st day of May, 1990.

(3) Any income received on or after the 1st day of May, 1990, arising from an investment made before that day by the Minister for Finance under section 67 (5) of the Principal Act from moneys standing to the credit of the investment account of the Occupational Injuries Fund shall be transferred to the Social Insurance Fund.

(4) All moneys standing to the credit of the Redundancy and Employers' Insolvency Fund under section 26 of the Act of 1967 (as extended by section 2 of the Act of 1984) on the 30th day of April, 1990, shall be transferred to the Social Insurance Fund on the 1st day of May, 1990.

(5) Any income received on or after the 1st day of May, 1990, arising from an investment made before that day by the Minister for Finance under section 26 (6) of the Act of 1967 from moneys standing to the credit of the investment account of the Redundancy and Employers' Insolvency Fund shall be transferred to the Social Insurance Fund.