STATUTORY INSTRUMENTS.

S.I. No. 120 of 1999.

LAND COMMISSIONERS' PENSION SCHEME (AMENDMENT) SCHEME, 1999.

S.I. No. 120 of 1999.

LAND COMMISSIONERS' PENSION SCHEME (AMENDMENT) SCHEME, 1999.

I, CHARLIE McCREEVY, Minister for Finance, in exercise of the powers conferred on me by section 2 of the Superannuation and Pensions Act, 1976 ( No. 22 of 1976 ), and the Public Service (Transfer of Departmental Administration and Ministerial Functions) Order, 1987 ( S.I. No. 81 of 1987 ), hereby make the following scheme:

1. (1) This Scheme may be cited as the Land Commissioners' Pension Scheme (Amendment) Scheme, 1999.

(2) The Principal Scheme and this Scheme may be cited together as the Land Commissioners' Pensions Schemes, 1979 and 1999, and shall be construed together as one.

2. In this Scheme “the Principal Scheme” means the Land Commissioners' Pensions Scheme, 1979 ( S.I. No. 217 of 1979 ).

3. The Principal Scheme is hereby amended by--

(a) the deletion in Article 3 of the definition of “the Minister for State”, and

(b) the substitution for “the Minister of State” of “the Minister” in each place where it occurs.

4. Where a Land Commissioner ceases to hold office by virtue of the dissolution of the Irish Land Commission--

(a) Article 5(1) of the Principal Scheme shall not apply to him, and

(b) the Minister shall grant to the Land Commissioner--

(i) a pension equal to one-eightieth of his salary multiplied by the aggregate of--

(I) the number of years of service he had as a Land Commissioner,

(II) the number of years between the 1st day of April, 1999, and the date he would attain the age of 67 years, and

(III) the total of those numbers less 10,

and

(ii) an additional lump sum, in addition to that granted under Article 6 of the Principal Scheme, equal to one and one-half times the amount of the pension.

EXPLANATORY NOTE.

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

This scheme provides for superannuation benefits payable to a Land Commissioner who ceases to hold office by virtue of the dissolution of the Irish Land Commission.