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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 February 1990 - onwards
  Version 2 of 2    

45. Superannuation of staff of trustee savings bank.

(1) A trustee savings bank may prepare one or more superannuation schemes.

(2) A superannuation scheme shall fix the time and conditions of retirement for all persons to or in respect of whom benefits are payable under the scheme and different times and conditions may be fixed in respect of different classes of persons.

(3) A trustee savings bank may prepare a scheme amending or revoking a superannuation scheme or a scheme under this subsection.

(4)

(a) A scheme prepared under this section shall be submitted to the Central Bank.

(b) The Central Bank may approve of a scheme submitted to it under this section and, if it does so, it shall be carried out by the trustees of the trustee savings bank concerned in accordance with its terms.

(5) If any dispute arises as to the claim of any person to, or the amount of, any benefit payable in pursuance of a scheme or schemes, under this section, the dispute shall be submitted to the Central Bank whose decision thereon shall be final.

(6) Any expe

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