University College Cork - National University of Ireland, Cork (Closed) Pension Scheme, 2010

• Jurisdiction: Ireland
• Citation: IR SI 97/2010
• Year: 2010

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 12th March, 2010.

University College Cork — National University of Ireland, Cork, with the approval of An tÚdarás um Ard-Oideachas with the consent of the Minister for Education and Science and the Minister for Finance, in exercise of the powers conferred on it by section 25(7) of the Universities Act 1997 (No. 24 of 1997) as adapted by the National University of Ireland, Cork (Change of Name of University) Order 1998 ( S.I. No. 446 of 1998 ), hereby make the following Scheme:

1. (1) This Scheme may be cited as the University College Cork — National University of Ireland, Cork (Closed) Pension Scheme 2010.

(2) This Scheme and Statute J of University College Cork — National University of Ireland, Cork ( S.I. No. 281 of 2005 ) may be cited together as the University College Cork — National University of Ireland, Cork (Closed) Pension Schemes 2005 and 2010 and shall be construed together as one.

2. In this Scheme—

“An tÚdarás um Ard-Oideachas” means the body established by section 2 of the Higher Education Authority Act 1971 (No. 22 of 1971);

“statute” means a statute made by the governing authority of University College Cork — National University of Ireland, Cork under the Irish Universities Act 1908 (8 Edw. 7. c. 38.); and

“University College Cork — National University of Ireland, Cork” means the National University of Ireland, Cork Ollscoil na hÉireann, Corcaigh established by section 7 of the Universities Act 1997 (No. 24 of 1997) and adapted by the National University of Ireland, Cork (Change of Name of University) Order 1998 ( S.I. No. 446 of 1998 ).

3. The instruments or provisions contained in the Schedule comprise the University College Cork — National University of Ireland, Cork (Closed) Pension Scheme 2010.

4. This Scheme is closed to new members appointed to University College Cork — National University of Ireland, Cork on or after 1 January 2005.

SCHEDULE

(1)Statute I dated 15 April 1911 whereby, amongst other things, a pension fund was established.

(2)Statute XI dated 3 May 1918 whereby Chapter XXV of Statute I was revoked, the provisions governing the pension scheme and fund established under that Statute were amended, and an additional pension fund and pension scheme were established.

(3)Statute XVI dated 31 January 1922 whereby Chapter II of Statute XI and annexed scheme were revoked, Statute XI was amended, and an additional pension scheme and fund were established.

(4)Statute XX dated 4 June 1927 whereby provision was made for payment out of the endowment for the Faculty of Dairy Science of pensions for retirees from certain pensionable offices.

(5)Statute XXIV dated 21 December 1929 whereby Chapter I of Statute XI was revoked, pension funds were established and provisions of, and the pension scheme annexed to, Statute XVI were amended.

(6)Statute XXVI dated 19 May 1931 whereby provision was made for the pensionability of the Librarian, and for payments and pensions to the non-statutory full-time members of the staff and to the wages staff.

(7)Statute XXXV dated 3 July 1937 whereby the fund established under Statute I and known as “Pension Fund No. 1” and the fund established under Statute XI and known as “Pension Fund No. 2” were amended, the provisions governing the fund established under Statute XXIV and known as “Pension Fund No. 3” and the fund established under Statute XXVI and known as “Pension Fund No. 4” were revoked and substituted with provisions of this Statute, and a pension fund known as “Pension Fund No. 5” was established.

(8)Statute XXXIX dated 1 June 1940 whereby provisions governing Pension Fund No. 1, Pension Fund No. 3, Pension Fund No. 4 and Pension Fund No. 5 were revoked and substituted with provisions of this Statute...