(1) This section applies to and in respect of the following persons:
(a) the Governor and former Governors;
(ba) appointed members and former appointed members of the Commission;
(bb) ex-officio members of the Commission and former ex-officio members of the Commission;
(c) former members of the Regulatory Authority;
(ca) officers and former officers of the Bank;
(d) employees and former employees of the Bank.
(2) The Bank may establish and operate one or more superannuation schemes under which superannuation benefits are payable on the retirement or death of persons to whom this section applies. However, such a scheme does not take effect until it has been approved by the Minister.
(3) A superannuation scheme established under this section is to be embodied in rules made by the Bank. Those rules must provide for the operation of the scheme and, in particular, for -
(a) the making of contributions (including contributions by the Bank) towards the superannuati
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