(1) All retiring allowances and refunds of contributions and all other money payable under this Part of this Act shall be paid out of the Parliamentary Superannuation Account.
(2) Where in any year the money in the Parliamentary Superannuation Account is insufficient to meet the payments required by subsection (1) of this section, the deficiency shall be met by a payment from public money without further appropriation than this section.
Section 88 was substituted, as from 1 July 1959, by section 30 Superannuation Amendment Act 1959 (1959 No 85).
Part 6, comprising sections 82 to 88, was substituted, as from 1 April 1987, by section 2 Government Superannuation Fund Amendment Act 1987 (1987 No 187).
Subsection (2) was amended, as from 1 July 1989, by section 86(1) Public Finance Act 1989 (1989 No 44) by substituting the words “public money”
for the words “the Consolidated Account”
.