(1) A corporation may
grant, or make provision for the grant of, retirement benefits to members of
staff of the corporation and, for that purpose may —
(a)
establish, manage and control; or
(b)
enter into an arrangement with any body for the establishment, management and
control by such body either alone or jointly with the corporation of,
any fund or scheme for
the purpose of providing for such retirement benefits.
(2) A corporation may
make contributions to any fund or scheme referred to in subsection (1).
(3) In subsection (1)
—
members of staff includes —
(a)
dependants of members of staff; and
(b)
former members of staff and their dependants.
(4) Nothing in this
section affects the operation of the State Superannuation Act 2000 in
relation to a corporation or any member of staff of a corporation.
[Section 19 amended: No. 43 of 2000 s. 70; No. 25
of 2012 s. 190.]
[Heading inserted: No. 13 of 2023 s. 265.]
[ 20-23. Deleted: No. 13 of 2023 s. 266.]