Elections under earlier Act
2 Elections under earlier Act
Where an employee who, before the appointed day, made an election under the earlier Act to contribute to the earlier Fund had not, before that day, become a contributor to the earlier Fund, the election shall be deemed to have been an election under section 19 (Election to contribute to the Fund) that—
specifies under section 19 (2) (b) a rate per cent of salary determined by the Board having regard to the level of contribution to the earlier Fund selected by the employee, and
takes effect on a date determined by the Board.
An employee referred to in subclause (1) may, before becoming a contributor, make an application under section 20 (Additional benefit) but, subject to that section, this subclause does not operate to prevent an employee so referred to from making such an application after becoming a contributor.
An election referred to in subclause (1) is ineffective for the purposes of the earlier Act.
This Act’s bill:Explanatory memorandum
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