Superannuation Act, 1936

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Contribution by the Post Office Savings Bank to superannuation liability.

30.—(1) In every financial year there shall be paid into the Exchequer from the funds of the Post Office Savings Bank, at such times and in such manner as the Minister shall direct, such sum as represents, in the opinion of the Minister, the liability or, in the case of persons partly employed as hereinafter mentioned, the due proportion of the liability accruing in respect of superannuation allowances, gratuities, or other benefits which will become payable under the Superannuation Acts to or in respect of persons in the civil service of Saorstát Eireann employed wholly or partly on work in or in connection with the Post Office Savings Bank.

(2) This section shall have and be deemed always to have had effect as from the establishment of Saorstát Eireann and shall accordingly operate to validate any payment made before the passing of this Act from the funds of the Post Office Savings Bank to the Exchequer which would have been valid if this section had been in force when such payment was made.

(3) Any payment into the Exchequer which could lawfully have been made under this section in any financial year which ended before the passing of this Act if this section had been in force in that financial year may be made after the passing of this Act.