New South Wales Consolidated Acts

LOCAL GOVERNMENT AND OTHER AUTHORITIES (SUPERANNUATION) ACT 1927 - SECT 15

15 Payment on retirement or death

(1) Where a permanent servant of a council in respect of whom any contribution or contributions shall have been made to the Provident Fund under the foregoing provisions of this Act ceases to be employed by a council or dies, such permanent servant or his personal representatives (as the case may be) shall be entitled to receive from and out of the Provident Fund such amount as the board shall certify to be at the credit of such servant’s account kept in accordance with section 13.

(1A) Where a permanent servant to whom the provisions of this Act apply ceases to be employed by any council or dies the board may include in the amount it certifies to be at the credit of such permanent servant’s account in the Provident Fund under this section interest calculated from the date interest was last credited to his account as provided in subsection (4) of section 13 up to the end of the month next preceding that during which such certificate is issued, at a rate per annum not exceeding one per centum less than the rate of interest last credited to his account.

(2) Every certificate given by the board under this section shall be final and conclusive.

(3) No gratuity provided for under this section shall be in any way assigned or charged or passed by operation of law to any person other than the permanent servant entitled thereto or his personal representatives (as the case may be), nor shall any gratuity payable on the death of any permanent servant be assets for the payment of his debts or liabilities.