Approved Authorities Transfer Act


Published: 1996-12-30

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Approved Authorities Transfer Act
APPROVED AUTHORITIES TRANSFER [CH.38 – 1


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[Original Service 2001] STATUTE LAW OF THE BAHAMAS

APPROVED AUTHORITIES TRANSFER
CHAPTER 38

APPROVED AUTHORITIES TRANSFER

ARRANGEMENT OF SECTIONS

SECTION

1. Short title.
2. Interpretation.
3. Pension benefits of persons transferred from one authority to another.

APPROVED AUTHORITIES TRANSFER [CH.38 – 3


–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
[Original Service 2001] STATUTE LAW OF THE BAHAMAS

CHAPTER 38

APPROVED AUTHORITIES TRANSFER
An Act to facilitate the transfer of persons from one

approved authority to another and to preserve the pension
benefits of those persons transferred.

[Assent 24th December, 1996]
[Commencement 30th December, 1996]

1. This Act may be cited as the Approved Authorities
Transfer Act, 1996.

2. In this Act —
“approved authority” has the meaning assigned to it

by the Pensions Act.
3. (1) Whenever any person employed by an

approved authority in pensionable circumstances is
transferred to any pensionable office under another
approved authority with the consent of the relevant
approved authorities, the service of such person under the
approved authority to another approved authority with
which he was employed (in this section referred to as the
“transferring authority”) shall be reckoned to be pensionable
service under the approved authority to which he is
transferred (in this section referred to as the “receiving
authority) and as continuous service for the purpose of
computing his pension.

(2) The receiving authority shall not consent to the
transfer of that person to pensionable service under that
approved authority unless and until the transferring
authority has made satisfactory arrangements for the
payment to the pension fund of the receiving authority of
such proportion of the cost of any pension or other benefit
to be granted to that person as the length of his service with
the transferring authority shall bear to the total length of
his continuous service with both the receiving authority
and the transferring authority taken together.

29 of 1996

Short title.

Interpretation.

Ch. 43.

Pension benefits
of persons trans-
ferred from one
authority to an-
other.

CH.38 – 4] APPROVED AUTHORITIES TRANSFER





STATUTE LAW OF THE BAHAMAS [Original Service 2001]

(3) Any pension payable to any such person as is
mentioned in subsection (1) by the receiving authority shall
be calculated and granted to him in respect of his total
service under the transferring authority and under the
receiving authority taken together and such total service
shall be reckoned as continuous service for pension
purposes.