Botswana - Second Development Finance Companies Project

The persons to whom section 1 of the Superannuation Act 1972 applies (persons to or in respect of whom benefits may be provided by schemes under that section) shall include persons who at any time after the coming into force of this Act are serving in employment with— and accordingly a reference to that body shall be inserted at the appropriate point in the alphabetical list of “Other Bodies” in Schedule 1 to that Act.

That section shall also apply to persons who at any time before the coming into force of this Act have ceased to serve in employment with that body.

There shall be paid out of moneys provided by Parliament any increase attributable to this Act in the sums payable out of such moneys under the said Act of 1972; and the British Council . . . shall . . . pay to the Treasury in respect of that increase, at such times as the Treasury may direct, such sums as the Treasury may determine.

Any sums received by the Treasury by virtue of this Act shall be paid into the Consolidated Fund or used as an appropriation in aid for the purposes of section 1 of the said Act of 1972.

This Act may be cited as the British Council and Commonwealth Institute Superannuation Act 1986.

This Act shall come into force on such date as the Secretary of State may by order made by statutory instrument appoint; and different dates may be appointed in relation to the British Council and the Commonwealth Institute respectively.