New South Wales Consolidated Acts

ABERDARE COUNTY COUNCIL (DISSOLUTION) ACT 1982 - SECT 16

16 Effect of election to contribute to the AGL Superannuation Fund

(1) Where a servant of the Council elects to become a contributor to the AGL Superannuation Fund in accordance with section 8 (1), he shall, on the prescribed day:

(a) cease to be a participant in the Local Government Superannuation Scheme in which he participated immediately before the prescribed day, and

(b) become a contributor to the AGL Superannuation Fund,

and shall commence to contribute to that Fund on and from a later date determined by the AGL Superannuation Fund Trustees and notified to the Company.

(2) A person who, pursuant to subsection (1), becomes a contributor to the AGL Superannuation Fund ceases to be entitled to any rights, benefits or privileges that, but for this section, would have accrued to him under or in connection with the Local Government Superannuation Scheme in which, pursuant to that subsection, he ceases to participate, except to the extent that he benefits under this Act.