Section 30
Winding up of fund of pension scheme
of Statutory and Local Authorities Superannuation Fund Act 1977
The fund of a pension scheme of a statutory or local authority shall be wound up on such date as the Minister of Finance may by notification in the Gazette appoint in each particular case, and on the winding up of the fund all assets shall be transferred to, and liabilities charged on, the Consolidated Fund.
(2)
Notwithstanding any written law to the contrary, upon the winding up of the fund of a pension scheme of a statutory or local authority, the pensions authority shall exercise the powers and perform the duties of the appropriate authority of the pension scheme.
(3)
Nothing in this Act shall diminish the amount of a pension, gratuity or other benefit to which an employee would have been eligible if not for this Act.