S.I. No. 97/1998:

HOUSES OF THE OIREACHTAS (MEMBERS) PENSIONS SCHEME (ADDITIONAL ALLOWANCES) (DEDUCTION OF CONTRIBUTIONS) REGULATIONS, 1998

HOUSES OF THE OIREACHTAS (MEMBERS) PENSIONS SCHEME (ADDITIONAL ALLOWANCES) (DEDUCTION OF CONTRIBUTIONS) REGULATIONS, 1998

I, CHARLIE McCREEVY, Minister for Finance, in exercise of the powers conferred on me by subsection (3) of section 6A (inserted by section 5 of the Oireachtas (Allowances to Members) and Ministerial and Parliamentary Offices (Amendment) Act, 1960 (No. 12 of 1960), and amended by section 10 of the Oireachtas (Allowances to Members) and Ministerial, Parliamentary, Judicial and Court Offices (Amendment) Act, 1998 (No. 5 of 1998)) of the Oireachtas (Allowances to Members) Act, 1938 (No. 34 of 1938), hereby make the following regulations:

1. These Regulations may be cited as the Houses of the Oireachtas (Members) Pensions Scheme (Additional Allowances) (Deduction of Contributions) Regulations, 1998.

2. In these Regulations--

"additional allowance", in relation to a member of either House of the Oireachtas, means an allowance payable to the member pursuant to section 3, 4 or 5, as may be appropriate, of the Oireachtas (Allowances to Members) and Ministerial, Parliamentary, Judicial and Court Offices (Amendment) Act, 1998 (No. 5 of 1998);

"the Fund" means the fund referred to in Clause 2 of the Scheme;

"the Scheme" means the Houses of the Oireachtas (Members) Pensions Scheme within the meaning of section 1 of the Oireachtas (Allowances to Members) and Ministerial and Parliamentary Offices (Amendment) Act, 1992 (No. 3 of 1992), as amended by the Houses of the Oireachtas (Members) Pensions (Amendment) Scheme, 1992 ( S.I. No. 300 of 1992 ), the Houses of the Oireachtas (Members) Pensions (Amendment) (No. 2) Scheme, 1992 ( S.I. No. 354 of 1992 ), the Houses of the Oireachtas (Members) Pensions (Amendment) Scheme, 1993 ( S.I. No. 111 of 1993 ), the Houses of the Oireachtas (Members) Pensions (Amendment) Scheme, 1997 ( S.I. No. 212 of 1997 ), and the Houses of the Oireachtas (Members) Pensions (Amendment) Scheme, 1998 ( S.I. No. 75 of 1998 );

"the Trustees" means the trustees referred to in Clause 3 of the Scheme.

3. The Minister for Finance shall, from every payment of an additional allowance to a member of either House of the Oireachtas, make a deduction equal to 6 per cent of the gross amount of the payment, and the amount so deducted shall, as soon as practicable thereafter, be transferred to the account of the Trustees.

4. Each deduction referred to in Regulation 3 of these Regulations shall, on being so transferred, be regarded for the purposes of the Scheme as a contribution that the member concerned has made to the Fund on the day on which the payment from which the deduction was made became due.

5. The Houses of the Oireachtas (Members) Pensions Scheme (Additional Allowances) (Deduction of Contributions) Regulations, 1994 ( S.I. No. 218 of 1994 ), are hereby revoked.

GIVEN under my Official Seal, this 7th day of April, 1998.

CHARLIE McCREEVY,

Minister for Finance.

EXPLANATORY NOTE.

This Regulation provides for the deduction of pension contributions from allowances paid to members of the Oireachtas under section 3 , 4 and 5 of the Oireachtas (Allowances to Members) and Ministerial, Parliamentary, Judicial and Court Offices (Amendment) Act, 1998 (No. 5 of 1998).