S.I. No. 148/1992:

EUROPEAN COMMUNITIES (RETIREMENT OF FARMERS) REGULATIONS, 1992.

EUROPEAN COMMUNITIES (RETIREMENT OF FARMERS) REGULATIONS, 1992.

I, JOSEPH WALSH, Minister for Agriculture and Food, in exercise of the powers conferred on me by section 3 of the European Communities Act, 1972 (No. 27 of 1972), and for the purpose of giving effect to Council Directive No. 72/160/EEC on 17 April 1972,⁽¹⁾ hereby make the following Regulations:--

⁽¹⁾O.J. No. L96/9. 23.4.72.

1. These Regulations may be cited as the European Communities (Retirement of Farmers) Regulations, 1992.

2. These Regulations shall be deemed to have come into operation on the 1st day of May, 1992.

3. The European Communities (Retirement of Farmers) Regulations, 1974 ( S.I. No. 116 of 1974 ) are hereby amended:--

( a ) by the substitution of "£3,372" for "£600" and "£2,244" for "£400" in Article 7 of the Scheme set out in the Schedule to the said Regulations, and

( b ) by the substitution of "£2,244" for "£400" in Article 8 of the said Scheme.

GIVEN under my official Seal, this 3rd day of June, 1992.

JOE WALSH,

Minister for Agriculture and Food.

EXPLANATORY NOTE.

Article 13 of the Farmers Retirement Scheme provides that the annuity payable under the Scheme may be increased from time to time to take account of any increase in the Consumer Price Index. These Regulations increase the amount of the annuity from £3,252 to £3,372 for a married person whose spouse is alive and from £2,160 to £2,244 for a single person, widow or widower with effect from 1 May, 1992.