s.16Pension fund
16
Section 16Part 3 — Personnel of Authority

Pension fund

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The Authority shall subscribe to the Public Service Pensions Fund in accordance with the Public Service Pensions Act (2023 Revision) for the payment of pensions to all employees of the Authority.
Notwithstanding subsection (1) —
where an employee transferred in accordance with section 15(1) is entitled to a contracted officer's supplement the Authority shall not subscribe to the Public Service Pensions Fund in respect of such employee during the period in which the employee remains entitled to such supplement;
with respect to employees employed by the Authority after the 1st July, 2004 and who have not been transferred in accordance with this Act, 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 provisions of the National Pensions Act (2024 Revision); and
the Authority shall not subscribe to any fund in respect of those employees who are employed under contracts which are six months or less in duration.
The Authority shall be considered to be an employer for the purposes of the Public Service Pensions Act (2023 Revision), and an employee transferred in accordance with section 15(1) shall not be considered to have retired from Service for the purposes of that Act.

Defined Terms

Public Service Pensions Fund

Cross References