s.12Authority to subscribe to Public Service Pensions Fund
12
Section 12Part 3 — Personnel of Authority

Authority to subscribe to Public Service Pensions Fund

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The Authority shall subscribe to the Public Service Pensions Fund in accordance with the Public Service Pensions Law (2013 Revision) for the payment of pensions to all employees of the Authority.
Notwithstanding subsection (1) —
where an employee, transferred in accordance with Schedule 2, is entitled to a contracted officer's supplement, the Authority shall not subscribe to the Fund in respect of such employee during the period in which the employee remains entitled to such supplement;
with respect to an employee employed by the Authority after the 1st July, 2005, the Authority has the option of subscribing to the Public Service Pensions Fund or of creating and maintaining, or subscribing to, a fund in accordance with the National Pensions Law (2012 Revision); and
the Authority shall not subscribe to a fund in respect of an employee who is employed under a contract which is six months or less in duration.
The Authority shall be considered to be an employer for the purposes of the Public Service Pensions Law (2013 Revision) and an employee referred to in subsection (2)(a) shall not be considered to have retired from the Service for the purposes of that Law.

Defined Terms

Public Service Pensions Fundcontracted officer's supplement

Cross References