Statutory Corporations Pensionable Officers (Retiring Age Limit) Act

An Act to provide for the retiring age of officers of statutory corporations subject to

extension from year to year by the relevant authority.

[1972 No. 38.]

[24 th May, 19727]

[Cornmencernent.]

1. Age limit for all statutory corporations pensionable officers, etc.

be sixty years.

scribed (by the rules of any statutory corporation relating to the conditions of service of

its staff) to require any pensionable officer of such corporation under its authority, or in

relation to which it is empowered to deal with matters concerning the conditions of ser-

vice of the staff of such corporation, to retire from the service of the corporation on his

attainment of the age of 55 years.

officer of a statutory corporation was retired compulsorily on his attainment of the age of

55 years and before his attainment of the age of sixty years without any grounds being

specified for the retirement, the officer shall not be deemed to have retired from the

service of the corporation nor be treated as having been retired in consequence of the

abolition of his office, but shall instead be deemed to have retired from the service of the

corporation at the age of sixty years; and accordingly, he shall be entitled to a grant of

pension, gratuity, compensation, allowance or other superannuation benefit which shall

be determined and calculated in accordance with the scheme provided by the corporation

for such grant.

thing whatsoever to the contrary, particularly anything to the contrary in any enactment,

law, regulation, rule, bye-law, order or any other instrument prescribed in relation to the

conditions of service of the staff of such corporation or otherwise provided for, and such

enactment, law or instrument shall be construed subject as provided under this Act with

any necessary modifications.

Power to extend services from year to year