12ACertain persons deemed to be contributors

12A Certain persons deemed to be contributors

12A Certain persons deemed to be contributors

(1) In this section prescribed person means a person who elected under paragraph (b) of subsection (1) of section 24 of the Railways Retirement Fund Act 1964, not to become a contributor under that Act.

(2) A prescribed person who made an election with the concurrence of the Board on or before the thirty-first day of August, one thousand nine hundred and sixty-nine, or on or before such later date as the Board allowed in any particular case, to become a contributor, shall be deemed as on and from the first day of the pay period applicable to him next following the thirty-first day of August, one thousand nine hundred and sixty-nine, to have become a contributor liable to contribute to the Fund for a lump sum benefit of an amount equal to his ordinary minimum benefit at the date on which he became a contributor.

(3) Any election purporting to have been made by a prescribed person in accordance with the provisions of subsections (2) and (3) of section 13 and made with the concurrence of the Board on or before the date on which he is deemed under subsection (2) to have become a contributor, or on or before such later date as the Board allowed in any particular case, shall be deemed to be and to have been an election made in accordance with those provisions.

s 12A: Ins 1971 No 50, sec 2 (1) (c).