s. s. 69 69 69 Members of approved superannuation schemes (1) In this section means a scheme of superannuation S. 69(1) amended by scheme for the administration of any assets with Nos 27/2001 the object of providing superannuation payments, s. 5(Sch. 3 item 5.14), annuities, pensions, allowances, lump sum 40/2010 s. 89. payments or other benefits for employees or former employees or for the partners, children, adult children, dependants or legal personal representatives of employees or former employees. (2) The Governor in Council, on the recommendation S. 69(2) amended by of the Minister, may by Order published in the No. 46/1998 Government Gazette declare a scheme of s. 7(Sch. 1). superannuation to be an approved superannuation scheme for the purposes of this section. (3) Despite anything to the contrary in this Act an S. 69(3) amended by officer who becomes eligible to be a member of No. 81/1988 an approved superannuation scheme may within s. 33(d). 3 months or any longer period approved by the Board of becoming eligible elect to cease to contribute in accordance with this Act. (4) A contributor who ceases to be a contributor S. 69(4) amended by under subsection (3) is entitled to a deferred Nos 81/1988 retirement benefit— s. 33(e), 49/1992 s. 23(a), (a) in the case of a revised scheme member, in substituted by accordance with the formula in section No. 110/1993 s. 84(1). 61(2); and (b) in the case of a new scheme member, equal to the accrued retirement benefit. (4A) A contributor who is entitled to a deferred S. 69(4A) inserted by retirement benefit under subsection (4) may elect No. 95/2000 in writing to the Board to— s. 6(9).
69 Members of approved superannuation schemes S. 69(1) amended by Nos 27/2001 s. 5(Sch. 3 item 5.14), 40/2010 s. 89. s. 69 (1) In this section scheme of superannuation means a scheme for the administration of any assets with the object of providing superannuation payments, annuities, pensions, allowances, lump sum payments or other benefits for employees or former employees or for the partners, children, adult children, dependants or legal personal representatives of employees or former employees. S. 69(2) amended by No. 46/1998 s. 7(Sch. 1). (2) The Governor in Council, on the recommendation of the Minister, may by Order published in the Government Gazette declare a scheme of superannuation to be an approved superannuation scheme for the purposes of this section. S. 69(3) amended by No. 81/1988 s. 33(d). (3) Despite anything to the contrary in this Act an officer who becomes eligible to be a member of an approved superannuation scheme may within 3 months or any longer period approved by the Board of becoming eligible elect to cease to contribute in accordance with this Act. S. 69(4) amended by Nos 81/1988 s. 33(e), 49/1992 s. 23(a), substituted by No. 110/1993 s. 84(1). (4) A contributor who ceases to be a contributor under subsection (3) is entitled to a deferred retirement benefit— (a) in the case of a revised scheme member, in accordance with the formula in section 61(2); and (b) in the case of a new scheme member, equal to the accrued retirement benefit. S. 69(4A) inserted by No. 95/2000 s. 6(9). (4A) A contributor who is entitled to a deferred retirement benefit under subsection (4) may elect in writing to the Board to— s. 69
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