The Federated Superannuation System for Universities (War Service) Regulations 1949

Type Statutory-Instrument
Publication 1949-10-10
State In force
Department Westlaw
PDF Download
articles Not indexed
Reform history JSON API

Made: 10th October 1949

Laid before Parliament: 11th October 1949

Coming into Operation: 12th October 1949

The Lords Commissioners of His Majesty's Treasury, in exercise of the powers conferred upon Them by sub-section (3) of Section 5 of the Superannuation Act, 1946 (hereinafter called “the Act”) and of all other powers enabling Them in that behalf, hereby make the following Regulations:

1

These Regulations may be cited as the Federated Superannuation System for Universities (War Service) Regulations, 1949.

2

3

These Regulations apply to any officer employed in the Civil Service of the State otherwise than in a temporary capacity or for a specified period of time who entered the Civil Service of the State during the war period after war service.

4

5

6

The decision of the Treasury on any question which arises as to the application of these Regulations to any person or as to the amount of any payment authorised by these Regulations, or as to the reckoning of war service for the purpose of such payment, shall be final.

7

These Regulations shall come into force on the 12th day of October, 1949.

Signed

R. J. Taylor — Richard Adams — Two of the Lords Commissioners of His Majesty's Treasury — Dated this 10th day of October, 1949

Explanatory note

EXPLANATORY NOTE

These Regulations are designed to enable persons appointed to posts superannuable under the Federated Superannuation Scheme for Universities to count war service for superannuation purposes so far as possible on the same basis as does a person established under the Superannuation Acts.

To achieve this a contribution (called the war service contribution) is to be paid. This is a contribution of 5 per cent. (half the normal employer's contribution under F.S.S.U.) of the salary and emoluments which the person might have received had his war service been temporary service in the post to which he was appointed after the war service. War service can be reckoned only from the age at which the person might, but for the war, have been appointed to the grade in which he was first appointed after his war service. Interest at 3 per cent. is payable on the war service contribution from the mid-point of the reckonable war service to the date on which the contribution is paid. The employee may, at his option, contribute an additional amount up to one-half the amount payable by the Department. The total contribution as so calculated will then be invested, as a lump sum, in a single premium policy under the F.S.S.U. for the employee's benefit.

Reading this document does not replace reading the official text published on legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. We assume no responsibility for any inaccuracies arising from the conversion of the original CLML XML to this format.

This text is published under legislation.gov.uk's own terms of reuse, not a Legalize or public-domain licence. legislation.gov.uk
Open Government Licence v3.0 (attribution required)
© Crown and database right. Derived from content available under the Open Government Licence v3.0 from legislation.gov.uk.