Turf Development Act, 1953

Members' superannuation scheme.

5.—(1) The Minister, with the concurrence of the Minister for Finance, may make a scheme for the payment, subject to such conditions and limitations as may be prescribed in the scheme, of superannuation benefits on retirement to whole-time members of the Board and may, with the like concurrence, amend any such scheme.

(2) A scheme under this section may provide for the machinery for settling any dispute that may arise as to the claim of any person to, or the amount of, any benefit payable in pursuance of such scheme.

(3) A scheme under this section shall be carried out by the Board in accordance with its terms.

(4) Every scheme made under this section shall be laid before each House of the Oireachtas as soon as may be after it is made and if either House, within the next twenty-one days on which that House has sat after the scheme is laid before it, passes a resolution annulling the scheme, the scheme shall be annulled accordingly, but without prejudice to the validity of anything previously done thereunder.