Public Service Superannuation Amendment Act 1993

Link to law: http://www.bermudalaws.bm/Laws/Annual%20Laws/1993/Acts/Public%20Service%20Superannuation%20Amendment%20Act%201993.pdf

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Public Service Superannuation Amendment Act 1993
The Laws of Bermuda
Annual Volume of Public Acts 1993 : 6

1

BERMUDA
1993 : 6

PUBLIC SERVICE SUPERANNUATION AMENDMENT ACT 1993

[Date of Assent 18 March 1993]

[Operative Date 1 April 1993]

WHEREAS it is expedient to amend the Public Service
Superannuation Act 1981;

Be it enacted by The Queen's Most Excellent Majesty, by and
with the advice and consent of the Senate and the House of Assembly of
Bermuda, and by the authority of the same, as follows:

Short Title and commencement
1 This Act which amends the Public Service Superannuation Act
1981 may be cited as the Public Service Superannuation Amendment Act
1993 and shall come into operation on 1st April 1993.

Amendments
2 The Public Service Superannuation Act 1981 is amended as
follows:

(a) insert immediately after section 8 the following:

"Actuarial review
8A (1) The Minister shall cause an actuary to be
appointed to review the operation of the Fund within one
year from 1 April 1995 and thereafter every third year.

(2) An actuary on each review pursuant to
subsection (1) shall make a report on the adequacy of
the Fund to the Minister who shall then lay the report

PUBLIC SERVICE SUPERANNUATION AMENDMENT ACT 1993

2

before the Legislature if it is in session or if it is not then
in session, at the next ensuing session.";

(b) in section 19(1)(c), for the word "fifty-five" substitute the
word "sixty" and delete all the words appearing
immediately after the word "years";

(c) in section 22(1), delete the words ", or a member of the
Bermuda Regiment staff" and insert immediately after
the words "fifty-five years" the words "or a contributor
being a member of the Bermuda Regiment staff shall
retire from the Regiment on attaining the age prescribed
by the Bermuda Regiment Governor's Orders 1993" and
in the proviso to section 22(1) delete the words "or any
such member of the Bermuda Regiment staff";

(d) in section 27(3), delete the words from "Accountant-
General" to "amount of" and insert immediately after the
words "that contributor" the words "shall remain
therein".

Saving
3 (1) Nothing contained in this Act shall be construed as affecting
the eligibility or entitlement of a contributor who is a member of the
Bermuda Regiment staff for a pension under the principal Act in any
case where that contributor was eligible for or entitled to such pension
before the coming into operation of this Act.

(2) Where on or after the coming into operation of this Act a
contributor who is a member of the Bermuda Regiment staff before the
coming into operation of this Act retires from or ceases to be employed in
the Regiment in circumstances rendering him eligible to a pension or
other benefit under the principal Act before its amendment by this Act,
the contributor shall be entitled to such pension or other benefit under
the principal Act before its amendment by this Act and for the purpose of
enabling him to take such pension or benefit, sections 19(1)(c) and 22(1)
of the principal Act shall for the purposes of this section and
notwithstanding their amendment by this Act, be deemed not to have
been amended by this Act.