Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1694855363820.pdf (Bahamas)
APPROVED AUTHORITIES TRANSFER [CH.38 – 1 APPROVED AUTHORITIES TRANSFER CHAPTER 38 APPROVED AUTHORITIES TRANSFER ARRANGEMENT OF SECTIONS SECTION 1.

2.

3.

Short title.

Interpretation.

Pension benefits of persons transferred from one authority to another.
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– STATUTE LAW OF THE BAHAMAS [Original Service 2001] APPROVED AUTHORITIES TRANSFER [CH.38 – 3 CHAPTER 38 APPROVED AUTHORITIES TRANSFER An Act to facilitate the transfer of persons from one approved authority to another and to preserve the pension benefits of those persons transferred.

29 of 1996 [Assent 24th December, 1996] [Commencement 30th December, 1996] 1.

This Act may be cited as the Approved Authorities Short title.
Transfer Act, 1996.

In this Act — 2.

“approved authority” has the meaning assigned to it Interpretation.

Ch.

43. by the Pensions Act.
3. in pensionable circumstances (1) Whenever any person employed by an is approved authority transferred to any pensionable office under another approved authority with the consent of the relevant approved authorities, the service of such person under the approved authority to another approved authority with which he was employed (in this section referred to as the “transferring authority”) shall be reckoned to be pensionable service under the approved authority to which he is transferred (in this section referred to as the “receiving authority) and as continuous service for the purpose of computing his pension.
Pension benefits of persons trans- ferred from one authority to an- other.
(2) The receiving authority shall not consent to the transfer of that person to pensionable service under that approved authority unless and until transferring authority has made satisfactory arrangements for the payment to the pension fund of the receiving authority of such proportion of the cost of any pension or other benefit to be granted to that person as the length of his service with the transferring authority shall bear to the total length of his continuous service with both the receiving authority and the transferring authority taken together.
the ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– STATUTE LAW OF THE BAHAMAS [Original Service 2001] CH.38 – 4] APPROVED AUTHORITIES TRANSFER (3) Any pension payable to any such person as is mentioned in subsection (1) by the receiving authority shall be calculated and granted to him in respect of his total service under the transferring authority and under the receiving authority taken together and such total service shall be reckoned as continuous service for pension purposes.
STATUTE LAW OF THE BAHAMAS [Original Service 2001]