(1) The Supervisory Authority may, if it considers it appropriate to do so, prepare and submit to the Minister a scheme or schemes for granting superannuation benefits to or in respect of one or both of the following -
(a) the chief executive officer,
(b) any employee of the Supervisory Authority.
(2) Each superannuation scheme shall fix the time and conditions of retirement for all persons to or in respect of which superannuation benefits are payable under the scheme, and different terms and conditions may be fixed in respect of different classes of persons.
(3) A superannuation scheme submitted to the Minister under this section shall, if approved by the Minister with the consent of the Minister for Public Expenditure and Reform, be carried out in accordance with its terms.
(4) A superannuation scheme may be amended or revoked by a subsequent scheme prepared, submitted and approved under this section.
(5) The Supervisory Authority may not grant, or enter into any arrangement for the
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