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APPENDIX VI.WIDOWS’ AND ORPHANS’ PENSIONS FUND.Section 42 (2) of the Widows, and Orphans’ Pensions Act, 1935, as amended by Section 21 of the Widows’ and Orphans’ Pensions Act, 1937, directs that there shall be paid out of moneys provided by the Oireachtas into the Pensions Investment Account for the year ending the 31st March, 1938, and for each of the next seven succeeding financial years, the annual sum of £450,000. The contributions of employers and insured persons are carried to a separate Fund, called the Widows’ and Orphans’ Pensions Fund, out of which are met the pensions payable under the Acts and the expenses incurred in their administration. If the sums standing to the credit of the Fund are more than is required to meet the current expenditure the surplus will be paid over to the Pensions Investment Account and if they are insufficient to meet the current liabilities the sum required will be issued from the Account. The Accounts of the Fund and of the Account are audited by the Comptroller and the Auditor-General and are laid before the Oireachtas annually. The Accounts of the Widows’ and Orphans’ Pensions Fund for the year 1943-44 are at present being examined by the Comptroller and Auditor-General. A copy of the certified accounts for 1942-43 is enclosed.* (Signed) J. HURSON, Rúnaí, Roinn Rialtais Aitiúil agus Sláinte Poiblí. 23ú Meitheamh, 1945. Sláinte Poiblí. |
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