Ombudsmen Act 1975

Ombudsmen

12: Superannuation or retiring allowances of Ombudsmen and staff

You could also call this:

"Money for Ombudsmen and staff when they retire"

Illustration for Ombudsmen Act 1975

To help Ombudsmen and their staff when they retire, money can be paid into a retirement scheme. This scheme is defined in the Financial Markets Conduct Act 2013. You can think of it like a special kind of savings plan that helps them have money when they stop working.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM431120.


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12Superannuation or retiring allowances of Ombudsmen and staff

  1. For the purpose of providing superannuation or retiring allowances for any Ombudsman and any officer or employee appointed under this Act, there may from time to time be paid sums by way of contributions or subsidies to any retirement scheme (within the meaning of section 6(1) of the Financial Markets Conduct Act 2013).

Notes
  • Section 12: replaced (with effect on 1 July 1992), on , by section 4 of the Higher Salaries Commission Amendment Act (No 2) 1992 (1992 No 130).
  • Section 12: amended, on , by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).