Transport Act, 1959

• Jurisdiction: Ireland
• Citation: IR No. 31/1959
• Year: 1959

Number 31 of 1959.
TRANSPORT ACT, 1959.
ARRANGEMENT OF SECTIONS
Section 1. Definitions. 2. Superannuation of whole-time members of the Board. 3. Compensation to former chairman of the Board. 4. Amendment of the Second Schedule to the Transport Act 1950. 5. Short title.
Acts Referred to Transport Act, 1950 1950, No. 12
Number 31 of 1959.
TRANSPORT ACT, 1959.
AN ACT TO AMEND THE TRANSPORT ACT, 1950 , IN RELATION TO THE SUPERANNUATION OF WHOLE-TIME MEMBERS OF CÓRAS IOMPAIR ÉIREANN AND TO PROVIDE FOR THE PAYMENT OF COMPENSATION TO A FORMER CHAIRMAN OF CÓRAS IOMPAIR ÉIREANN. [24th November, 1959.]
BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS :—
	Definitions.	1.—In this Act—
	“the Board” means Córas Iompair Éireann;
	“the Minister” means the Minister for Transport and Power;
	“whole-time member of the Board” means a member of the Board who is required by the terms of his appointment to devote the whole of his time to his duties as such member.
	Superannuation of whole-time members of the Board.	2.—(1) The Minister, with the consent of the Minister for Finance, may from time to time make a scheme (in this section referred to as a superannuation scheme) for the provision of pensions or gratuities or pensions and gratuities for or in respect of whole-time members of the Board.
	(2) (a) The Minister, with the consent of the Minister for Finance, may by a subsequent superannuation scheme (in this section referred to as an amending scheme) amend a superannuation scheme or previous amending scheme.
	(b) An amending scheme may be expressed to operate retrospectively.
	(c) Any person, who has been a whole-time member of the Board for a period of not less than twelve months ending on the date on which an amending scheme comes into operation, may by notice, given to the Minister within six months after the date on which the amending scheme comes into operation, elect not to have the amending scheme apply to or in respect of him, and if he does so elect, then the amending scheme shall not apply to or in respect of him.
	(3) (a) The Minister, with the consent of the Minister for Finance, may by a superannuation scheme revoke a previous superannuation scheme.
	(b) Where a superannuation scheme (in this subsection referred to as the new scheme) revokes a previous superannuation scheme (in this subsection referred to as the revoked scheme), any person, who has been a whole-time member of...