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.