S.I. No. 321/1985 - Great Northern Railway Company (Ireland) Pension Fund For Wages Staff (Amendment) Scheme (Confirmation) (No. 2) Order, 1985

Type Statutory Instrument
Publication 1985-09-30
State In force
Text As published
articles 10

This is the act as published. Later amendments are not folded into the text below: each one is a separate act in this repository and an entry in this law's history.

Reform history JSON API

S.I. No. 321 of 1985.

GREAT NORTHERN RAILWAY COMPANY (IRELAND) PENSION FUND FOR WAGES STAFF (AMENDMENT) SCHEME (CONFIRMATION) (NO. 2) ORDER, 1985.

I, JIM MITCHELL, Minister for Communications, in exercise of the powers conferred on me by section 44 of the Transport Act, 1950 (No. 12 of 1950), and the Ministers and Secretaries (Amendment) Act, 1983 (No. 40 of 1983), hereby, after consultation with the Minister for the Public Service, order as follows:

1.

1.

This Order may be cited as the Great Northern Railway Company (Ireland) Pension Fund for Wages Staff (Amendment) Scheme (Confirmation) (No. 2) Order, 1985.

2.

2.

In this Order "the amending Scheme" means the scheme amending the Great Northern Railway Company (Ireland) Pension Fund for Wages Staff prepared by Córas Iompair Éireann and submitted to the Minister for Communications under section 44 of the Transport Act, 1950 (No. 12 of 1950), and set out in the Schedule to this Order.

3.

3.

The amending Scheme is hereby confirmed and shall be deemed to have come into operation on the operative date specified in the Schedule to this Order.

SCHEDULE

GREAT NORTHERN RAILWAY COMPANY (IRELAND) PENSION FUND FOR WAGES STAFF (AMENDMENT) SCHEME, 1985

1.

Definitions:

In this amending Scheme "the existing Scheme" means the Pension Fund for Wages Staff mentioned in the Schedule to the Agreement scheduled to the Great Northern Railway Act, 1958 (No. 20 of 1958) as amended by amendment schemes confirmed by Statutory Instruments numbered 53 of 1962, 50 of 1965, 9 of 1967, 60 of 1969, 81 of 1971, 251 of 1974, 291 of 1977, 76 of 1980, 183 of 1982 and 290 of 1985.

"Operative date" means the 1st day of March, 1985 for the implementation of Articles 5, 6, 7 (1) (iii), 8 and 9 hereof and the date of the Order confirming this amending Scheme for the implementation of Articles 7 (1) (i) and (ii), and 7 (2) hereof.

2.

(1) In this amending Scheme unless otherwise expressly stated words and expressions used shall have the meanings assigned to them by the existing Scheme.

3.

Continuation of the existing Scheme:

4.

4.

Amendment of the existing Scheme:

5.

5.

Rate of Contribution:

The Tables of Rates of Contributions in Article 4 of the Schedule to Statutory Instrument No. 291 of 1977 shall be deleted and the following Table substituted therefor:—

Basic Weekly Wage Member's Weekly Contribution
£ £
Not exceeding85.00 2.07
Not exceeding90.00 2.22
Not exceeding95.00 2.37
Not exceeding100.00 2.52
Not exceeding105.00 2.67
Not exceeding110.00 2.82
Not exceeding115.00 2.97
Not exceeding120.00 3.12
Not exceeding125.00 3.27
Not exceeding130.00 3.42
Not exceeding135.00 3.57
Not exceeding140.00 3.72
Not exceeding145.00 3.87
Not exceeding150.00 4.02
Not exceeding155.00 4.17
Not exceeding160.00 4.32
Not exceeding165.00 4.47
Not exceeding170.00 4.62
Exceeding 170.00 4.77

6.

6.

Full Pension:

The full pensions (including alternative full pension) and the total payments set out in Table A hereunder shall be substituted for the like pensions and total payments set out in Table A of the existing Scheme as inserted by Article 5 of the Schedule to Statutory Instrument No. 291 of 1977 in respect of any pension the right to which accrues on or after the operative date.

TABLE A

Basic Weekly Wage Basic Weekly Wage Weekly Pensions Weekly Pensions Weekly Pensions Total Payments
For Life Alternative Rate Alternative Rate
For 5 Years (Age 65 to 70) Thereafter for Life
(1) (1) (2) (3) (4) (5)
£ £ £ £ £
MALE MALE
MEMBERS MEMBERS
Not exceeding 85.00 16.50 16.93 16.18 4,290.00
Not exceeding 90.00 17.50 17.93 17.18 4,550.00
Not exceeding 95.00 18.50 18.93 18.18 4,810.00
Not exceeding 100.00 19.50 19.93 19.18 5,070.00
Not exceeding 105.00 20.50 20.93 20.18 5,330.00
Not exceeding 110.00 21.50 21.93 21.18 5,590.00
Not exceeding 115.00 22.50 22.93 22.18 5,850.00
Not exceeding 120.00 23.50 23.93 23.18 6,110.00
Not exceeding 125.00 24.50 24.93 24.18 6,370.00
Not exceeding 130.00 25.50 25.93 25.18 6,630.00
Not exceeding 135.00 26.50 26.93 26.18 6,890.00
Not exceeding 140.00 27.50 27.93 27.18 7,150.00
Not exceeding 145.00 28.50 28.93 28.18 7,410.00
Not exceeding 150.00 29.50 29.93 29.18 7,670.00
Not exceeding 155.00 30.50 30.93 30.18 7,930.00
Not exceeding 160.00 31.50 31.93 31.18 8,190.00
Not exceeding 165.00 32.50 32.93 32.18 8,450.00
Not exceeding 170.00 33.50 33.93 33.18 8,710.00
Exceeding 170.00 34.50 34.93 34.18 8,970.00
For 10 years (Age 60 to 70) Thereafter for Life
FEMALE FEMALE
MEMBERS MEMBERS
Not exceeding 85.00 11.07 11.22 10.85 2,878.00
Not exceeding 90.00 11.75 11.90 11.53 3,055.00
Not exceeding 95.00 12.42 12.57 12.20 3,229.00
Not exceeding 100.00 13.10 13.25 12.88 3,406.00
Not exceeding 105.00 13.77 13.92 13.55 3,580.00
Not exceeding 110.00 14.45 14.60 14.23 3,757.00
Not exceeding 115.00 15.12 15.27 14.90 3,931.00
Not exceeding 120.00 15.80 15.95 15.58 4,108.00
Not exceeding 125.00 16.47 16.62 16.25 4,282.00
Not exceeding 130.00 17.15 17.30 16.93 4,459.00
Not exceeding 135.00 17.82 17.97 17.60 4,633.00
Not exceeding 140.00 18.50 18.65 18.28 4,810.00
Not exceeding 145.00 19.17 19.32 18.95 4,984.00
Not exceeding 150.00 19.85 20.00 19.63 5,161.00
Not exceeding 155.00 20.52 20.67 20.30 5,335.00
Not exceeding 160.00 21.20 21.35 20.98 5,512.00
Not exceeding 165.00 21.87 22.02 21.65 5,686.00
Not exceeding 170.00 22.55 22.70 22.33 5,863.00
Exceeding 170.00 23.22 23.37 23.00 6,037.00

7.

7.

Reduced Pension:

8.

8.

Death of Employee:

Article 11A introduced by [Statutory Instrument No. 9 of 1967](https://www.irishstatutebook.ie/1967/en/si/0009.html) shall be deleted and the following substituted:—

"11A. Death of Employee:

If a member dies while in the service of the Board and before retiring on pension, a lump sum shall be paid to his personal representative calculated at 52 times the basic weekly wage of which the member was in receipt at the date of his death or immediately prior to the commencement of sickness benefit as the case may be. The said lump sum shall be reduced by the amount of any mortality grant paid or payable out of the Board's Welfare Scheme for Regular Wages Staff and the member's contributions to the Fund shall not be returned.".

9.

9.

Refund of Contributions:

In sub-article (1) of Article 11 of the Schedule to Statutory Instrument No. 53 of 1962 the words "or due to his death in service" shall be inserted after the words "in accordance with Article 10".

GIVEN under my Official Seal, this 30th day of September, 1985.

JIM MITCHELL,

Minister for Communications.

EXPLANATORY NOTE.

The purpose of the Order is to confirm a scheme to amend the existing pension scheme so as to provide for increased pensions and improved benefits for certain members of the scheme.

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