s. s. 33 35 34A Exempt officers S. 34A inserted by (1) A member who becomes an exempt officer is No. 87/1992 entitled up to the date of becoming an exempt s. 21. officer to a deferred lump sum equal to his or her accrued retirement benefit. (2) A benefit under this section— (a) must be indexed in accordance with section 46; and (b) must be preserved and is payable in S. 34A(2)(b) amended by accordance with the specified standards. No. 4/1996 s. 131(1). (3) A member who is entitled to a deferred benefit S. 34A(3) inserted by may elect in writing to the Board to— No. 95/2000 s. 21(1). (a) convert the entitlement to a present lump sum; and (b) have the lump sum rolled over or transferred S. 34A(3)(b) substituted by within the superannuation system as Nos 40/2004 nominated by the member. s. 41(2), 37/2007 s. 50. (4) The method of calculating the conversion under S. 34A(4) inserted by subsection (3) is to be determined by the Minister No. 95/2000 on the advice of an actuary appointed by the s. 21(1). Board. 35 Benefit on resignation (1) If a member resigns, he or she is entitled to— S. 35(1) amended by No. 110/1993 (a) a cash benefit equal to the amount of s. 129(2)(d). contributions paid by him or her and interest at the prescribed rate; and (b) a deferred benefit equal to— (i) 3 per cent of final average salary for each year of service after 1 September 1987; and
S. 34A inserted by No. 87/1992 s. 21. s. 33 34A Exempt officers (1) A member who becomes an exempt officer is entitled up to the date of becoming an exempt officer to a deferred lump sum equal to his or her accrued retirement benefit. (2) A benefit under this section— (a) must be indexed in accordance with section 46; and S. 34A(2)(b) amended by No. 4/1996 s. 131(1). (b) must be preserved and is payable in accordance with the specified standards. S. 34A(3) inserted by No. 95/2000 s. 21(1). (3) A member who is entitled to a deferred benefit may elect in writing to the Board to— (a) convert the entitlement to a present lump sum; and S. 34A(3)(b) substituted by Nos 40/2004 s. 41(2), 37/2007 s. 50. (b) have the lump sum rolled over or transferred within the superannuation system as nominated by the member. S. 34A(4) inserted by No. 95/2000 s. 21(1). (4) The method of calculating the conversion under subsection (3) is to be determined by the Minister on the advice of an actuary appointed by the Board. 35 Benefit on resignation s. 35 S. 35(1) amended by No. 110/1993 s. 129(2)(d). (1) If a member resigns, he or she is entitled to— (a) a cash benefit equal to the amount of contributions paid by him or her and interest at the prescribed rate; and (b) a deferred benefit equal to— (i) 3 per cent of final average salary for each year of service after 1 September 1987; and
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