S.I. No. 365/1992 -- Occupational Benefit Schemes (Equal Treatment) Regulations, 1992.
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S.I. No. 365/1992: OCCUPATIONAL BENEFIT SCHEMES (EQUAL TREATMENT) REGULATIONS, 1992. |
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OCCUPATIONAL BENEFIT SCHEMES (EQUAL TREATMENT) REGULATIONS, 1992. |
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The Minister for Social Welfare, in exercise of the powers conferred on him by section 5 and section 71 (3) (as inserted by section 62 of the Social Welfare Act, 1992 ) of the Pensions Act, 1990 (No. 25 of 1990), hereby makes the following Regulations: |
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| Citation. | ||
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1. These Regulations may be cited as the Occupational Benefit Schemes (Equal Treatment) Regulations, 1992. |
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| Commencement. | ||
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2. These Regulations shall come into operation on the 1st day of January, 1993. |
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| Equal Treatment. | ||
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3. The period prescribed for the purposes of section 71 (3) shall be-- |
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( a ) a period of 25 years (commencing on 1 January, 1993) for the purposes of retirement ages; and |
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( b ) a period of 6 years (commencing on 1 January, 1993) in any other case. |
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GIVEN under the Official Seal of the Minister for Social Welfare, this 30th day of November, 1992. |
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CHARLIE McCREEVEY, |
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Minister for Social Welfare. |
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EXPLANATORY NOTE. |
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These Regulations allow that in applying the principle of equal treatment in occupational benefit schemes from 1 January 1993 under the provisions of the Pensions Act, entitlements which accrued prior to 17 May 1990 under pensions scheme rules may be retained for a period of 25 years where they arise from the application of different retirement ages for men and women and 6 years in any other case. |
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