Government Superannuation Fund Amendment Act 1978
Government Superannuation Fund Amendment Act 1978
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Government Superannuation Fund Amendment Act 1978
Government Superannuation Fund Amendment Act 1978
Public Act |
1978 No 95 |
|
Date of assent |
19 October 1978 |
|
Contents
An Act to amend the Government Superannuation Fund Act 1956
BE IT ENACTED by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:
1 Short Title
This Act may be cited as the Government Superannuation Fund Amendment Act 1978, and shall be read together with and deemed part of the Government Superannuation Fund Act 1956 (hereinafter referred to as the principal Act).
2 Staff of New Zealand High Commission Office, London
(1)
Section 22b of the principal Act (as inserted by section 3 of the Government Superannuation Fund Amendment Act 1967) is hereby amended by adding the following subsections:
“(6)
Any person who is a contributor subject to the provisions of this section may at any time elect to contribute to the Fund on the basis of 60 percent of his standard rate of contribution.
“(7)
Every election made pursuant to subsection (6) of this section shall take effect on the date as at which the person becomes a contributor if it is made at the time when he elects to become a contributor, and in any other case shall take effect upon such date as the Board in its discretion approves.”
(2)
Section 30 of the principal Act (as substituted by section 6 of the Government Superannuation Fund Amendment Act 1976) is hereby consequentially amended:
(a)
By inserting in subsection (1), after the expression “this section”
, the expression “and subsection (6) of section 22b of this Act”
:
(b)
By inserting in subsection (3), and also in subsections (5), and (6), after the words “any previous section”
, the words “or under the provisions of subsection (6) of section 22b of this Act”
:
(c)
By inserting in subsection (4), after the words “this section”
, the words “or to subsection (6) of section 22b of this Act”
.
(3)
This section shall be deemed to have come into force on the 1st day of March 1978.
3 Flying Qualification Pay and Surveying Pay
The principal Act is hereby amended by inserting, after section 66a (as inserted by section 3 of the Government Superannuation Fund Amendment Act 1972), the following section:
“66b
Notwithstanding the abolition on the 11th day of October 1977 of Flying Qualification Pay and Surveying Pay (as previously payable under determinations made by the Secretary of Defence pursuant to the State Services Remuneration and Conditions of Employment Act 1969), every contributing member who was contributing to the Fund in respect of Flying Qualification Pay or Surveying Pay on the 10th day of October 1977 may, by giving notice in writing to the Superintendent of the Fund before the 31st day of December 1979, elect to continue to contribute to the Fund so long as he remains a contributing member as if the amount of such Flying Qualification Pay or Surveying Pay, at the rate applicable on the 10th day of October 1977, had continued to be paid to him as salary.”
This Act is administered in the Treasury.
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Versions
Government Superannuation Fund Amendment Act 1978
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