Revised Laws of Saint Lucia (2021)

67.   Modification or repeal of Public Service Pension Scheme

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    (1)   The Minister shall, in relation to a public service pension scheme, (in this Part called a scheme) have power to make provisions for the modification or winding up or repeal of any enactment relating to such a scheme in order to give effect to this Act.

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    (2)   The powers of the Minister under this section shall be exercisable by means of an order—

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      (a)     directly modifying the scheme (without regard in the case of a scheme contained in, or made under the powers conferred by an enactment, to the terms of the enactment or any other of its provisions);

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      (b)     modifying an enactment under which the scheme was made or by virtue of which it has effect; or

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      (c)     directing that the scheme be wound up or the enactment providing for the scheme be repealed and including directions with respect to the manner and time of the winding up or repeal,

and any such order shall contain such incidental, supplementary and transitional provisions as the Minister considers to be required for the purpose of the order, including provisions adapting, amending and repealing any such enactments as are referred to in paragraphs (a), (b) or (c).

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    (3)   Despite subsections (1) and (2), an order made under this section shall not contain pensions or benefits which are less favourable to any person than those previously provided under any enactment or scheme.