Pensions (Increase) Act, 1950
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Increase of certain pensions payable by Electricity Supply Board. |
16.—(1) In this section— | |
the expression “the Act of 1927” means the Electricity (Supply) Act, 1927 (No. 27 of 1927), | ||
the expression “the Board” means the Electricity Supply Board, the expression “authorised undertaker” has the meaning assigned to it by the Act of 1927 for the purposes of that Act. | ||
(2) This section applies to every pension (whether it commenced before or on or shall commence after the date of the passing of this Act) which complies with all the following conditions, that is to say:— | ||
(a) the pension is payable by the Board, and | ||
(b) the pension is payable to a person (in this subsection referred to as the pensioner) who was transferred by virtue of subsection (9) or subsection (11) of section 39 of the Act of 1927 from the employment of an authorised undertaker to the employment of the Board and has left or shall hereafter leave the employment of the Board on the ground of age or ill-health or by reason of one of the circumstances mentioned in paragraphs (a), (b) and (c) of subsection (2) of section 44 of the Local Government Act, 1925 (No. 5 of 1925), and | ||
(c) the pension was or shall be awarded to the pensioner on his so leaving the employment of the Board and was or shall be so awarded to him by virtue of his superannuation rights in the employment of the said authorised undertaker, and | ||
(d) a portion of the pension is calculated by reference to a cost-of-living index figure or two or more cost-of-living index figures. | ||
(3) The portion of a pension to which this section applies which is calculated by reference to a cost-of-living index figure or two or more cost-of-living index figures shall not be variable in consequence of changes in such index figure or index figures but, in lieu thereof, the said portion of the pension shall be calculated by reference to a cost-of-living index figure of 270. | ||
(4) The Emergency Powers (No. 244) Order, 1942 (S. R. & O., No. 519 of 1942), is hereby revoked. |