S.I. No. 123/2002 - Córas Iompair Éireann Pension Scheme For Regular Wages Staff (Amendment) Scheme Confirmation (No. 2) Order 2002

I, MARY O'ROURKE, Minister for Public Enterprise, in exercise of the powers conferred on me by Section 44 (4) of the Transport Act 1950 (No. 12 of 1950) and the Communications (Transfer of Departmental Administration and Ministerial Functions) (No. 2) Order 1987 ( S.I. No. 92 of 1987 ) (as adapted by the Transport, Energy and Communications (Alteration of Name of Department and Title of Minister) Order 1997 ( S.I. No. 299 of 1997 )), after consultation with the Minister for Finance, hereby order as follows:-

1.       This Order may be cited as the Córas Iompair Éireann Pension Scheme for Regular Wages Staff (Amendment) Scheme (Confirmation) (No.2 Order 2002.

2.       In this Order, “amending scheme” means the scheme amending the Córas Iompair Éireann Pension Scheme for Regular Wages Staff (confirmed by the Córas Iompair Éireann Pension Superannuation Scheme for Regular Wages Staff (Confirmation) Order 1945 (Statutory Rules and Orders No. 242 of 1945)), prepared by Córas Iompair Éireann and submitted to the Minister for Public Enterprise under section 44 (5) of the Transport Act 1950 (No. 12 of 1950), and set out in the Schedule to this Order.

3.       The amending scheme is confirmed and is deemed to have come into operation on 17 January 1998.

SCHEDULE

CÓRAS IOMPAIR ÉIREANN PENSION SCHEME FOR REGULAR WAGES STAFF (AMENDMENT) SCHEME 2002

1.       Interpretation

(1)      In this amending scheme the following words and expressions shall have the meanings hereby assigned to them unless there is something inconsistent in the subject matter or the context repugnant to such construction:-

“1996 Amending Scheme” means the amending scheme confirmed by Statutory Instrument No. 115 of 1996 entitled Córas Iompair Éireann Pension Scheme for Regular Wages Staff (Amendment) Scheme (Confirmation) Order, 1996;

“Scheme” means the Córas Iompair Éireann Pension Scheme for Regular Wages Staff confirmed by S. R. & O. No. 242 of 1945 and subsequently amended by the amending schemes confirmed by Statutory Instruments numbered 115 of 1949, 34 of 1955, 226 of 1957, 56 of 1961, 48 of 1965 7 of 1967, 58 of 1969, 77 of 1971, 252 of 1974, 288 of 1977, 74 of 1980 181 of 1982, 132 of 1985, 288 of 1985, 319 of 1985, 55 of 1987, 117 of 1988, 258 of 1988, 31 of 1989, 233 of 1991, 120 of 1992, 420 of 1992 115 of 1996, 428 of 2000 and 93 of 2001;

2.       The reference to “the 17 January 1998” in paragraphs (a) and (b) of Article 9 (3) of Statutory Instrument No. 226 of 1957 (inserted by Statutory Instrument No. 288 of 1985 and amended by statutory instrument No. 115 of 1996) shall be deleted and a reference to “the 17 January 2006” shall be substituted.

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation)

The purpose of this Order is to extend the voluntary severance terms applicable to members of the Regular Wages Staff Pension Scheme to 17 January 2006.