Perpetual Funds (Registration) Act, 1933
Definition of perpetual fund. |
2.—In this Act the expression “perpetual fund” means a fund which— | |
(a) is established in connection with any undertaking or combination of undertakings carried on wholly or partly in Saorstát Eireann; | ||
(b) is established mainly for all or any one or more of the following purposes, that is to say— | ||
(i) the provision of superannuation allowances on retirement for persons employed in the said undertaking or combination of undertakings; | ||
(ii) the provision of pensions during widowhood for widows of persons so employed; | ||
(iii) the provision of periodical allowances to or in respect of children of persons so employed; | ||
(iv) the assurance of capital sums on the death of persons so employed; and | ||
(c) is regulated by rules which comply with the requirements set out in the Schedule to this Act. |