Central Bank and Financial Services Authority of Ireland Superannuation Scheme, 2008

• Jurisdiction: Ireland
• Citation: IR SI 99/2008

S.I. No. 99 of 2008

CENTRAL BANK AND FINANCIAL SERVICES AUTHORITY OF IRELAND SUPERANNUATION SCHEME 2008

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 15th April, 2008.

PREAMBLE

I, BRIAN COWEN, Minister for Finance in exercise of the power conferred on me by sub-section (2) of section 33AG and by sub-sections (3) and (4) of section 33AH of the Central Bank Act 1942 (No. 22 of 1942) as inserted by the Central Bank and Financial Services Authority of Ireland Act, 2003 (No. 12 of 2003) hereby approve of the scheme and merger set out in the Schedule hereunder.

SCHEDULE

The Central Bank and Financial Services Authority of Ireland in exercise of the power conferred on it by sub-sections (2) and (3) of section 33AG and by sub-sections (3) and (4) of section 33AH of the Central Bank Act 1942 (No. 22 of 1942) as inserted by the Central Bank and Financial Services Authority of Ireland Act, 2003 (No. 12 of 2003) hereby makes a superannuation scheme and effects a scheme merger as embodied in the following rules:

Citation

1. This scheme may be cited as the Central Bank and Financial Services Authority of Ireland Superannuation Scheme 2008.

Commencement Date

2. This scheme shall commence with effect from 1 October 2008.

Definitions and Interpretation

3. (1) In this scheme save where the context otherwise requires,

“Bank” means the Central Bank and Financial Services Authority of Ireland;

“Central Bank Act” means the Central Bank Act 1942 ;

“Central Bank of Ireland Superannuation Scheme” means the superannuation scheme established by the Currency Commission under section 31 (4) of the Currency Act 1927 ;

“Civil Service” means the Civil Service of the Government and the Civil Service of the State;

“Civil Service Rules” means Acts (being Statutes of the Oireachtas and any statutory amendment or re-enactment of any such Statute for the time being in force and any regulations made thereunder), schemes, regulations, warrants, circulars, agreements or arrangements by whatever name called concerning and/or governing superannuation as apply in the Civil Service and as are applicable to or in respect of persons employed in an established or non-established capacity (including any non-contributory pension scheme for persons in a non-established capacity) as the case may be, in the Civil Service;

“fund” means the superannuation fund to be established pursuant to section 33AG(4) of the Central Bank Act;

“Governor” means the Governor of the Bank;

“members” means the persons who are included in the Scheme in accordance with rule 5.2;

“Pensions Act” means the Pensions Act 1990 (No. 25 of 1990);

“the Scheme” means the Central Bank and Financial Services Authority of Ireland Superannuation Scheme 2008 set forth herein;

“Taxes Consolidation Act” means the Taxes Consolidation Act 1997 (No. 39 of 1997).

(2) Throughout this Scheme, unless the context otherwise requires,

(i) words importing the singular number shall be construed as including the plural and vice versa, and

(ii) all references to an Act or Acts refer to Statutes passed by the Oireachtas of Ireland or to Statutes continued in force pursuant to Article 50 of the Constitution of Ireland and such references shall be deemed to include any statutory amendment or re-enactment of any such Statute for the...