Article 3 Winding up of Existing Pensioners Fund

The National Insurance (Existing Pensioners) Fund (hereinafter in this rule referred to as “the Fund”), established by Schedule 4 to the principal rules, shall be wound up on 30th June 1965, and accordingly rule 15(4) of, and Schedule 4 to, the principal rules shall, as from that date, cease to have effect.

On 30th June 1965 all sums standing to the credit of the Fund at that date shall be paid into the Exchequer, and all other assets not realised and transferred to the Exchequer before that date shall then be realised and so transferred.

Any sums received after 30th June 1965 which but for the provisions of this rule, would have been credited to the Fund, shall be paid forthwith into the Exchequer.