S.I. No. 65/2016 - Córas Iompair Éireann Superannuation Scheme 1951 (Amendment) Scheme (Confirmation) Order 2016. Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Ai

the amending superannuation scheme confirmed by the Córas Iompair Éireann Superannuation Scheme 1951 (Amendment) Scheme (Confirmation) (No. 2) Order 2015 ( S.I. No. 475 of 2015 ); “1982 amending scheme” means the amending scheme confirmed by the Córas Iompair Éireann Superannuation Scheme 1951 (Amendment) Scheme 1982 (Confirmation) (No. 2) Order 1982 ( S.I. No. 345 of 1982 ); “1992 amending scheme (No. 1)” means the amending scheme confirmed by the Córas Iompair Éireann Superannuation Scheme 1951 (Amendment) Scheme (Confirmation) Order 1992 ( S.I. No. 12 of 1992 ); “1992 amending scheme (No. 3)” means the amending scheme confirmed by the Córas Iompair Éireann Superannuation Scheme 1951 (Amendment) (No. 3) Scheme (Confirmation) (No. 3) Order 1992 ( S.I. No. 421 of 1992 ); “2004 amending scheme” means the amending scheme confirmed by the Córas Iompair Éireann Superannuation Scheme 1951 (Amendment) Scheme (Confirmation) Order 2004 ( S.I. No. 11 of 2004 ); “operative date” means 1 April 2016 in respect of Articles 2 and 3.

(2)In this amending Scheme, unless otherwise expressly stated, the words and expressions used shall have the meanings assigned to them by the existing Scheme. Continuance of existing Scheme 2.

(1)Subject as hereinafter specifically provided the benefits provided by the existing Scheme shall continue to be paid or be payable under and in accordance with the terms thereof and without alteration to every existing pensioner whose pension commenced prior to the operative date and to the personal representative of any deceased pensioner or member if the deceased’s pension commenced or death occurred prior to the operative date.

(2)Subject as hereinafter specifically provided nothing in this amending Scheme shall affect the rights of any of the persons mentioned in the preceding sub-article, nor shall this amending Scheme affect any subsisting right or liability accrued to or in respect of, or incurred under the existing Scheme by, any person who retired from or left the service of the Board or died prior to the operative date. Amendment of existing Scheme

Subject to Article 2 of this amending Scheme, the existing Scheme shall be amended with effect on and from the operative date so as to conform to the provisions hereinafter contained and every provision of the existing Scheme which is inconsistent with the provisions hereinafter contained shall cease to have effect.
The existing Scheme is amended- (a) by substituting for Rule 3

(3)(

Article 4of the 1992 amending scheme (No. 1)) of the existing Scheme the following: “

(3)Save as provided in rules 34 and 37, no person may become a member of this Scheme after reaching the age of 56 years.”, (b) by substituting for Rule 19

(2)(

Article 6of the 2004 amending scheme) of the existing Scheme the following: “

(2)(a) Subject to any alterations made under Clause

(3)of this Rule, the contributions of a member who is not a Co-Ordinated Member shall be the percentage of the salary of the member which is specified for the age of the member in the following scale— Age next Birthday at Entry % Contribution 16 5. 125 17-19 5. 625 20-22 6. 125 23-26 6. 625 27-43 7. 125 44-51 7. 625 52-56 8. 125 (b) Subject to any alterations made under Clause

(3)of this Rule, the contributions of a Co-Ordinated Member shall be the percentage of the Net Salary and Salary of the Co-Ordinated Member which is specified for the age of the Co-Ordinated Member in the following scale:- Age next Birthday at Entry Annuity — % of Net Salary Capital Sum — % of Salary 16 3.625 1.5 17-19 3.925 1.7 20-22 4.325 1.8 23-26 4.625 2.0 27-43 5.025 2.1 44-51 5.525 2.1 52-56 5. 925 2.2 (c) Every member to whom Rule 29 applies shall contribute a further one-eighth part of one per cent of his/her Salary or if s/he is a Co-Ordinated Member, one eighth part of one per cent of his/her Net Salary.”, (c) by substituting for Rule 21

(1)(

Article 7of the 1992 amending scheme (No. 3)) of the existing Scheme the following: “

(1)For the purpose of this Scheme the normal age of retirement shall be at any time after attaining the age of 60 years but not later than attaining the age of 66 years.”, and (d) by substituting for the table in Rule 29A

(9)(

Article 14of the 1992 amending scheme (No.

3)) of the existing Scheme the following: “ Age next birthday at exercise of option Contribution as Percentage of Salary 20-60 14.0 61 13.8 62 13.6 63 13.4 64 13.2 65 13.0 66 12.8 ”. 5. Article 1 of the 1982 amending scheme is

substituting “normal retirement age of 60/66 years of age” for “normal retirement age of 60/65 years of age” in the definition of “particular female member”. GIVEN under my Official Seal, 11 February 2016. PASCHAL DONOHOE, Minister for Transport, Tourism and Sport. EXPLANATORY NOTE (This note is not a part of the Instrument and does not purport to be a legal interpretation). The purpose of this Order is to increase the maximum entry age to age 56 and to increase the normal age of retirement for members of the Córas Iompair Éireann Superannuation Scheme 1951 from any time after attaining the age of 60 up to the age of 66 years. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais

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