25 Jul 2019 in Senate:
Remuneration of Trustees.
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25 Jul 2019 in Senate:
16. The Trustees shall be paid such remuneration as the Authority may determine in accordance with the Retirement Benefits Act.
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25 Jul 2019 in Senate:
Madam Temporary Chairperson, I beg to move– THAT, Clause 18 of the Bill be amended by inserting the following new subclause immediately after subclause (4)— (4a) The chief executive officer shall hold office for a term of three years and may be eligible for re-appointment for a further final term of three years.
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25 Jul 2019 in Senate:
Madam Temporary Chairperson, I beg to move- THAT, Clause 23 of the Bill be amended in subclause (2) by deleting the word “shall” appearing immediately after the word “administrator” and substituting therefore with the word “may”.
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25 Jul 2019 in Senate:
Madam Temporary Chairperson, I beg to move-
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25 Jul 2019 in Senate:
THAT, Clause 24 of the Bill be amended by deleting subclause (1) and substituting therefor the following new subclause – (1) A member shall, so long as the member remains in the employment of a sponsor, contribute not less than twelve percent of that member’s pensionable emoluments to the Scheme.
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25 Jul 2019 in Senate:
Madam Temporary Chairperson, Sen. Farhiya also has an amendment to Clause 24 on (2) and (3), which we are also okay with.
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25 Jul 2019 in Senate:
Madam Temporary Chairperson, I beg to move – THAT, Clause 48 of the Bill be amended in subclause (1) by deleting the words “two years” appearing immediately after the words “imprisonment for a term not exceeding” at the end of subclause and substituting therefor the words “five years.”
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25 Jul 2019 in Senate:
Madam Temporary Chairperson, I beg to move- THAT, Clause 55 of the Bill be amended by inserting the following new subclauses immediately after subclause (6)— (7) The Auditor General shall cause an actuarial audit and valuation to be carried out with respect to the closed schemes within six months upon the commencement of this Act to ascertain the following for the purpose of transitional management— (a) assets acquired by the schemes; (b) liabilities accrued by the schemes; and (c) employees of the schemes. (8) The Auditor General shall submit a report on the findings of the audit and valuation to ...
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25 Jul 2019 in Senate:
( Question of the amendment proposed)
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