Sugar Industry Special Funds (Special Provisions) Act (Cap. 69:08)

L.R.O. 1/2012 LAWS OF GUYANA SUGAR INDUSTRY SPECIAL FUNDS (SPECIAL PROVISIONS) ACT CHAPTER 69:08 Act 12 of 1972 1 – 4 ... 1/2012 (inclusive) by L.R.O. Pages Authorised Current Authorised Pages LAWS OF GUYANA 2 Cap. 69:08 Sugar Industry Special Funds (Special Provisions) L.R.O. 1/2012 Note on Subsidiary Legislation This Chapter contains no subsidiary legislation. LAWS OF GUYANA Sugar Industry Special Funds (Special Provisions) Cap. 69:08 3 L.R.O. 1/2011 CHAPTER 69:08 SUGAR INDUSTRY SPECIAL FUNDS (SPECIAL PROVISIONS) ACT ARRANGEMENT OF SECTIONS SECTION 1. Short title and commencement. 2. Special provisions relating to the ex gratia payment of pensions. 12 of 1972 An Act to make special provision for the making of disbursements out of the Special Funds established by the Sugar Industry Special Funds Act as ex gratia payment of pensions to labour workers in the sugar industry. [29TH SEPTEMBER, 1969] WHEREAS by mutual agreement between the Government and the Sugar Producers’ Association the Sugar Industry Special Funds Act (Cap. 69:03) was enacted in 1947 for the purpose of regulating the Special Funds established by that Act; AND WHEREAS in 1967 a Commission of Inquiry appointed by the Government to inquire into all aspects of the Sugar Industry in Guyana recommended that the ex gratia payment of pensions to labour workers in the sugar industry should be made out of the Price Stabilisation Fund partly from monies to be made available to that Fund from the Sugar Industry Rehabilitation Fund, and partly from future annual contributions to the Price Stabilisation Fund; AND WHEREAS the Government and the LAWS OF GUYANA 4 Cap. 69:08 Sugar Industry Special Funds (Special Provisions) L.R.O. 1/2012 Short title. Special provisions relating to the ex gratia payment of pensions. c. 69:03 c. 36:01 Association have accepted the aforesaid recommendation: BE IT, THEREFORE, enacted as follows— 1. This Act may be cited as the Sugar Industry Special Funds (Special Provisions) Act. 2. Notwithstanding anything to the contrary in the Sugar Industry Special Funds Act, it shall be lawful for the Committee appointed under section 8(1) of that Act to control and administer the Sugar Industry Rehabilitation Fund to make disbursements not exceeding in the aggregate five million dollars out of that Fund to the Sugar Industry Price Stabilisation Fund and for disbursements to be made out of the last-mentioned Fund by the said Committee, for the purpose of making ex gratia payments of pensions to labour workers in the sugar industry within the meaning of the said Act who, at the time of their retirement, were not eligible to receive old age pensions under the National Insurance and Social Security (Benefit) Regulations.