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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 May 2003 - onwards
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15. Offices and staff of Bank.

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(5)

(a) The Bank may, with the approval of the Minister make such further scheme or schemes for granting pensions, allowances and gratuities on retirement or death to or in respect of such of its officers and servants as it thinks proper and may, out of funds available under the Central Bank Acts, 1942 to 1989, for defrayal of the expenses of the Bank, pay in respect of such persons on retirement or death the pensions, allowances or gratuities in accordance with the relevant scheme and the Minister may determine the said funds to be public funds for the purposes of the Superannuation Act, 1892.

(b) The Bank may from time to time, with the approval of the Minister, make a scheme amending a scheme under paragraph (a).

(bb) A scheme established under paragraph (a) or (b) may include provision for the establishment by the Bank of a fund, administered by trustees appointed by the Bank, from which superannuation benefits payable under th

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