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Superannuation of officers and servants of the Board.
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15.—(1) As soon as conveniently may be after the establishment day, the Board shall prepare and submit to the Minister a scheme or schemes for the granting of pensions or gratuities or pensions and gratuities to or in respect of such officers and servants of the Board as the Board may think fit.
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(2) A scheme submitted to the Minister under subsection (1) of this section shall, if approved of by the Minister with the concurrence of the Minister for Finance, be carried out by the Board in accordance with its terms.
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(3) (a) The Board may at any time submit to the Minister a scheme (in this section referred to as an amending scheme) amending a scheme approved of under subsection (2) of this section or a previous amending scheme.
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(b) An amending scheme may be expressed to act retrospectively.
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(4) An amending scheme submitted to the Minister under subsection (3) of this section shall, if approved of by the Minister with the concurrence of the Minister for Finance, be carried out by the Board in accordance with its terms.
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(5) The Board, with the consent of the Minister, may revoke a scheme approved of under this section.
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(6)If any dispute arises as to the claim of any person to, or the amount of, any pension or gratuity payable in pursuance of a scheme under this section, such dispute shall be submitted to the Minister who shall refer it to the Minister for Finance for his decision.
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(7) Every scheme approved of under this section shall, as soon as may be after it is made, be laid before each House of the Oireachtas and if either House, within the next twenty-one days on which that House has sat after the scheme is laid before it, passes a resolution annulling the scheme it shall be annulled accordingly but without prejudice to the validity of anything previously done thereunder.
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