Section 8: Application of the Pensions Act

(1) It is hereby declared that service in the Board shall be approved service for the purpose of the Pensions Act and officers and other persons employed in the Board shall be entitled to such pensions, gratuities and other retirement benefits as are prescribed there under.
(2) Nothing in this Act shall prevent the appointment of a person to any office on terms, which preclude the grant of a pension and gratuity in respect of that office.
(3) For the purposes of the application of the provisions of the Pensions Act, any power exercisable under the Act by a Minister or other authority of the Federal Government, except the power to make regulations under section 23 thereof is hereby vested in and shall be exercisable by the Board and not by any other person or authority.