The National Insurance (Modification of Trustee Savings Banks Pensions) Regulations 1955

• Citation: S.I. 1955/1472
• Sections: 3

Section 1

(1) These Regulations shall apply to any person who, after the coming into operation of these Regulations, becomes employed as an officer of a trustee savings bank or of the Inspection Committee.

(2) Any superannuation allowance payable to a person to whom these Regulations apply shall, after that person has attained the age of 65 in the case of a man, or 60 in the case of a woman, be reduced by the sum of £1 14s. 0d. per annum in respect of each year of service which has been reckoned in the computation of the superannuation allowance:

Provided that no superannuation allowance shall be reduced by more than the sum of £67 15s. 0d. per annum.

Section 2

(1) In these Regulations the expression “ superannuation allowance ” means any annual superannuation allowance payable under sections 64 to 69 of the Trustee Savings Banks Act, 1954, and the Trustee Savings Banks (Pensions) Order, 1955 .

(2) Any reference in these Regulations to the provisions of any enactment or Order shall be construed, unless the context otherwise requires, as a reference to those provisions as amended or re-enacted by any subsequent enactment or Order.

(3) The Interpretation Act, 1889, shall apply to the interpretation of these Regulations as it applies to the interpretation of an Act of Parliament.

Section 3

These Regulations may be cited as the National Insurance (Modification of Trustee Savings Banks Pensions) Regulations, 1955, and shall come into operation on the first day of October, nineteen hundred and fifty-five.