(1) If a person other than a member of staff of the S. 6(1) public service enters into a contract of amended by No. 46/1998 employment as an executive, that person is not s. 7(Sch. 1). entitled to become a member of a statutory superannuation scheme. (2) Subsection (1) does not affect any deferred pension or benefit which that person may have under a statutory superannuation scheme which existed before the person enters into that contract. 7 Exemption from scheme for existing executives S. 7(1) (1) Subject to section 6, a contract of employment of amended by an executive under Part 3 of the Public Nos 46/1998 s. 7(Sch. 1), Administration Act 2004 must provide— 108/2004 s. 117(1) (Sch. 3 item 193.4). (a) that the executive ceases to be a member of a S. 7(1)(a) amended by named statutory superannuation scheme; or No. 46/1998 s. 7(Sch. 1). s. 7(1)(b) (b) that the executive continues to be a member amended by of a named statutory superannuation scheme. No. 46/1998 s. 7(Sch. 1). (2) The executive must elect which of these terms S. 7(2) amended by must be included in the contract. No. 46/1998 s. 7(Sch. 1). (3) Subsection (1)(a) does not affect any deferred S. 7(3) amended by pension or benefit which a person may have under No. 97/1993 a statutory superannuation scheme. s. 46(1)(a). S. 7(4) (4) A contract of employment that provides that an amended by executive ceases to be a member of a statutory Nos 4/1996 s. 119(3), superannuation scheme must also provide for 46/1998 membership of an alternative superannuation s. 7(Sch. 1). scheme which must be a complying superannuation fund and to which employer
S. 6(1) amended by No. 46/1998 s. 7(Sch. 1). (1) If a person other than a member of staff of the public service enters into a contract of employment as an executive, that person is not entitled to become a member of a statutory superannuation scheme. (2) Subsection (1) does not affect any deferred pension or benefit which that person may have under a statutory superannuation scheme which existed before the person enters into that contract. 7 Exemption from scheme for existing executives S. 7(1) amended by Nos 46/1998 s. 7(Sch. 1), 108/2004 s. 117(1) (Sch. 3 item 193.4). (1) Subject to section 6, a contract of employment of an executive under Part 3 of the Public Administration Act 2004 must provide— S. 7(1)(a) amended by No. 46/1998 s. 7(Sch. 1). (a) that the executive ceases to be a member of a named statutory superannuation scheme; or s. 7(1)(b) amended by No. 46/1998 s. 7(Sch. 1). (b) that the executive continues to be a member of a named statutory superannuation scheme. S. 7(2) amended by No. 46/1998 s. 7(Sch. 1). (2) The executive must elect which of these terms must be included in the contract. S. 7(3) amended by No. 97/1993 s. 46(1)(a). (3) Subsection (1)(a) does not affect any deferred pension or benefit which a person may have under a statutory superannuation scheme. S. 7(4) amended by Nos 4/1996 s. 119(3), 46/1998 s. 7(Sch. 1). (4) A contract of employment that provides that an executive ceases to be a member of a statutory superannuation scheme must also provide for membership of an alternative superannuation scheme which must be a complying superannuation fund and to which employer
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