The Ordnance Survey Ireland Superannuation Scheme 2023.

• Jurisdiction: Ireland
• Citation: IR SI 42/2023
• Year: 2023

STATUTORY INSTRUMENTS

S.I. No.42of2023

The Ordnance Survey Ireland Superannuation Scheme 2023

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 14 th February, 2023.

1. Ordnance Survey Ireland, in exercise of the powers conferred on it by Section 17 of the Ordnance Survey Ireland Act, 2001 (No. 43 of 2001) as amended by Section 25 of the Markets in Financial Instruments and Miscellaneous Provisions Act 2007 (No. 37 of 2007), and with the approval of the Minister for Housing, Local Government and Heritage and the approval of the Minister for Public Expenditure, National Development Plan Delivery and Reform, hereby adopt the Rules For Pre-Existing Public Service Pension Scheme Members set out in S.I. No. 582 of 2014 for the purposes of the making of a Superannuation Scheme for the staff of Ordnance Survey Ireland, subject to the modifications set out in Article 4.

2. These Rules may be cited as The Ordnance Survey Ireland Superannuation Scheme 2023.

3. This Scheme shall be deemed to have commenced with effect from the 24 February 2023, which shall be known as the date of commencement.

4. The modifications referred to in Article 1 are as follows:

Membership

(a) In Article 5 (2) (b), -

“who is not a new entrant and whose actual pensionable service on attaining age 65 would be less than the vesting period, or”

is deleted and the following is inserted in its place—

“who is not a new entrant and whose actual pensionable service on attaining age 70 would be less than the vesting period, or”

(b) In Article 5 (5), -

“A member who is not a new entrant may not continue in membership after having reached the age of 65.”

is deleted and the following is inserted in its place—

“A member who is not a new entrant may not continue in membership after having reached the age of 70.”

Contributions for Personal Scheme Benefits

(c) In Article 7(3), –

“5% of pensionable remuneration or,” is deleted.

Survivor’s Pension - Calculation

(d) In Article 29 (3) –

“In the case where the former member dies while in receipt of a pension, other than a pension based on Article 18 (Cost Neutral Early Retirement), a preserved pension or a pension awarded on medical grounds,”

is deleted and the following is inserted in its place –

“In the case where the former member dies while in receipt of a pension, other than a pension based on Article 17 (Cost Neutral Early Retirement), a preserved pension or a pension awarded on medical grounds,”

Appeals

(e) In...