National Bank Transfer Act, 1966

Transfer of officers, clerks and servants.

6.—Any officer (other than a director or auditor), clerk or servant in the service or employment of the transferor in the State shall on the transfer date be transferred from the service or employment of the transferor to and become an officer, clerk or servant (as the case may be) of the transferee with the same rights and subject to the same obligations and incidents in respect of such service or employment as he would have had or been subject to as an officer, clerk or servant of the transferor, and every such officer, clerk or servant as aforesaid who is a member of the Men's or Women's Pensions Funds of the transferor and every officer, clerk or servant formerly employed by the transferor in the State who is a member of either of such Pensions Funds shall on the transfer date become a member of The National Bank of Ireland Men's Pensions Fund or The National Bank of Ireland Women's Pensions Fund:

Provided that for the purpose of ascertaining and calculating the right to pension or superannuation benefits, service or employment with the transferor shall be taken into account as if it were service or employment with the transferee but the transfer of service or employment from the transferor to the transferee shall not, of itself, give rise to any claim to pension or superannuation benefits.