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S.I. No. 120/1992 -- Córas Iompair Eireann Pension Scheme For Regular Wages Staff (Amendment) Scheme (Confirmation) Order, 1992.

S.I. No. 120/1992 -- Córas Iompair Eireann Pension Scheme For Regular Wages Staff (Amendment) Scheme (Confirmation) Order, 1992. 1992 120

S.I. No. 120/1992:

CÓRAS IOMPAIR EIREANN PENSION SCHEME FOR REGULAR WAGES STAFF (AMENDMENT) SCHEME (CONFIRMATION) ORDER, 1992.

I, MÁIRE GEOGHEGAN-QUINN, Minister for Tourism, Transport and Communications, in exercise of the powers conferred on me by section 44 of the Transport Act, 1950 (No. 12 of 1950), as amended by the Communications (Transfer of Departmental Administration and Ministerial Functions) (No. 2) Order, 1987 ( S.I. No. 92 of 1987 ), and the Tourism and Transport (Alteration of Name of Department and Title of Minister) Order, 1991 ( S.I. No. 25 of 1991 ), hereby, after consultation with the Minister for Finance, order as follows:

1. This Order may be cited as the Córas Iompair Éireann Pension Scheme for Regular Wages Staff (Amendment) Scheme (Confirmation) Order, 1992.

2. In this Order, "the amending Scheme" means the Scheme amending the Córas Iompair Éireann Pension Scheme for Regular Wages Staff prepared by Córas Iompair Eireann and submitted to the Minister for Tourism, Transport and Communications under section 44 of the Transport Act, 1950 (No. 12 of 1950), and set out in the Schedule to this Order.

3. The amending Scheme is hereby confirmed and shall be deemed to have come into operation on the 1st day of February, 1991.

SCHEDULE

CÓRAS IOMPAIR ÉIREANN PENSION SCHEME FOR REGULAR WAGES STAFF (AMENDMENT) SCHEME, 1992.

1. Definitions

In this amending Scheme the following words and expressions shall have the meanings hereby assigned to them and shall supersede those in the existing scheme unless there is something in the subject matter or context repugnant to such construction:--

"the existing Scheme" means the Córas Iompair Éireann Pension Scheme for Regular Wages Staff confirmed by S. R. & O. No. 242 of 1945 and subsequently amended by amending Schemes confirmed by Statutory Instruments numbered 115 of 1949,34 of 1955, 226 of 1957,56 of 1961, 48 of 1965, 7 of 1967, 58 of 1969, 77 of 1971, 252 of 1974, 288 of 1977, 74 of 1980, 181 of 1982, 132 of 1985, 288 of 1985, 319 of 1985, 55 of 1987, 117 of 1988, 258 of 1988, 31 of 1989 and 233 of 1991.

"this Scheme" means the existing Scheme as hereby amended.

"the operative date" means the 1st day of February 1991.

"Wages Staff" means and includes all employees of the Board other than persons holding clerical, supervisory, executive, technical or professional positions, or who are resident railway level-crossing keepers.

"Regular Wages Staff" means and includes all such Wages Staff employees as have or shall have been appointed to the Regular Wages Staff and no other persons.

"A Resident Railway Level-Crossing Keeper" means a railway level-crossing keeper for whom the Board or a subsidiary company of the Board provides living accommodation adjunctive to his employment whether or not a rent is payable in respect of same.

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

2. Continuance of the Existing Scheme

(1) 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 pensioner whose right to pension accrued prior to the operative date or to the personal representative of such a pensioner and to the personal representative of a member whose death occurred prior to the operative date.

(2) Nothing in this amending Scheme shall affect the rights of any of the persons mentioned in the previous sub-article, nor shall this amending Scheme affect any subsisting right or liability accrued to or incurred by any person under the existing Scheme prior to the operative date.

(3) Deferred and special pensions now payable or at any time to become payable shall not be affected by this amending Scheme.

3. Amendment of the Existing Scheme

(1) Subject to the provisions of 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.

(2) The increased contributions and benefits provided for by this amending Scheme are, where applicable, in substitution for the corresponding contributions and benefits provided for by the existing Scheme.

4. Rate of Contribution

The Table of Rates of Contributions inserted in the existing Scheme by Article 5 of the Schedule to Statutory Instrument No. 258 of 1988 shall be deleted and as from the Operative Date all members shall contribute to this Scheme by payment into the fund at the rates determined by reference to columns (1) and (6) of Tables A and B in Article 5 of this amending Scheme.

5. Full Pension

Table A of the existing Scheme shall be deleted and, in respect of any pension the right to which accrues on or after the Operative Date, the full pensions (including alternative full pensions and the total payments) for all members except particular female members shall be the amounts determined by reference to columns (1) to (5) of Table A hereunder and for particular female members shall be the amounts determined by reference to columns (1) to (5) of Table B hereunder.

TABLE A.

Basic Weekly Wage	Weekly Pension
Basic Weekly Wage	Alternative Rates
For Life	For 5 Years Age 65/70	There after For Life	Total Payments	Weekly Contributions
(1)	(2)	(3)	(4)	(5)	(6)
£ p.w.	£p.w.	£ p.w.	£p.w.	£p.w.	£ p.w.

Not exceeding 85.00	16.50	16.93	16.18	4,290	2.07
85.01--90.00	17.50	17.93	17.18	4,550	2.22
90.01--95.00	18.50	18.93	18.18	4,810	2.37
95.01--100.00	19.50	19.93	19.18	5,070	2.52
100.01--105.00	20.50	20.93	20.18	5,330	2.67
105.01--110.00	21.50	21.93	21.18	5,590	2.82
110.01--115.00	22.50	22.93	22.18	5,850	2.97
115.01--120.00	23.50	23.93	23.18	6,110	3.12
120.01--125.00	24.50	24.93	24.18	6,370	3.27
125.01--130.00	25.50	25.93	25.18	6,630	3.42
130.01--135.00	26.50	26.93	26.18	6,890	3.57
135.01--140.00	27.50	27.93	27.18	7,150	3.72
140.01--145.00	28.50	28.93	28.18	7,410	3.87
145.01--150.00	29.50	29.93	29.18	7,670	4.02
150.01--155.00	30.50	30.93	30.18	7,930	4.17
155.01--160.00	31.50	31.93	31.18	8,190	4.32
160.01--165.00	32.50	32.93	32.18	8,450	4.47
165.01--170.00	33.50	33.93	33.18	8,710	4.62
170.01--175.00	34.50	34.93	34.18	8,970	4.77
175.01--180.00	35.50	35.93	35.18	9,230	4.92
180.01--185.00	36.50	36.93	36.18	9,490	5.07
185.01--190.00	37.50	37,93	37.18	9,750	5.22
190.01--195.00	38.50	38.93	38.18	10,010	5.37
195.01--200.00	39.50	39.93	39.18	10,270	5.52
Over 200	40.50	40.93	40.18	10,530	5.67

TABLE B.

Basic Weekly Wage	Weekly Pension
Basic Weekly Wage	Alternative Rates
For Life	For 10 Years Age 60/70	There- after For Life	Total Payments	Weekly Contributions
(1)	(2)	(3)	(4)	(5)	(6)
£ p.w.	£ p.w.	£ p.w.	£ p.w.	£ p.w.	£ p.w.
Not exceeding 85.00	11.07	11.22	10.85	2,878	2.07
85.01--90.00	11.75	11.90	11.53	3,055	2.22
90.01--95.00	12.42	12.57	12.20	3,229	2.37
95.01--100.00	13.10	13.25	12.88	3,406	2.52
100.01--105.00	13.77	13.92	13.55	3,580	2.67
105.01--110.00	14.45	14.60	14.23	3,757	2.82
110.01--115.00	15.12	15.27	14.90	3,931	2.97
115.01--120.00	15.80	15.95	15.58	4,108	3.12
120.01--125.00	16.47	16.62	16.25	4,282	3.27
125.01--130.00	17.15	17.30	16.93	4,459	3.42
130.01--135.00	17.82	17.97	17.60	4,633	3.57
135.01--140.00	18.50	18.65	18.28	4,810	3.72
140.01--145.00	19.17	19.32	18.95	4,984	3.87
145.01--150.00	19.85	20.00	19.63	5,161	4.02
150.01--155.00	20.52	20.67	20.30	5,335	4.17
155.01--160.00	21.20	21.35	20.98	5,512	4.32
160.01--165.00	21.87	22.02	21.65	5,686	4.47
165.01--170.00	22.55	22.70	22.33	5,863	4.62
170.01--175.00	23.22	23.37	23.00	6,037	4.77
175.01--180.00	23.90	24.05	23.68	6,214	4.92
180.01--185.00	24.57	24.72	24.35	6,388	5.07
185.01--190.00	25.25	25.40	25.03	6,565	5.22
190.01--195.00	25.92	26.07	25.70	6,739	5.37
195.01--200.00	26.60	26.75	26.38	6,916	5.52
over 200	27.27	27.42	27.05	7,090	5.67

6. Sub Article (4) of Article 4 of S.I. No. 226 of 1957 shall be deleted and the following sub-article substituted with effect from the operative date:--

(4) Subject as aforesaid:--

( a ) every employee (other than a resident railway level-crossing keeper) appointed to the Regular Wages Staff on or after the operative date shall (subject otherwise to eligibility under the terms of this Scheme) become and be a member of this Scheme immediately upon the making of such appointment, and

( b ) a railway level-crossing keeper in the employment of the Board on the operative date other than a resident railway level-crossing keeper shall not become a member of this Scheme unless within a time and in a manner to be specified by the Board he exercises a once off option to become a member.

GIVEN under my Official Seal this 20th day of May, 1992.

MÁIRE GEOGHEGAN-QUINN,

Minister for Tourism, Transport and

Communication.

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 and for the admission of non-Resident Railway Level Crossing Keepers into the pension scheme.