Section 9: Pensions

(1) It is hereby declared that service in the Institute shall be approved service for the purposes of the Pensions Act and, accordingly, officers and other persons employed in the Institute shall, in respect of their service in the Institute, be entitled to pensions, gratuities and other retirement benefits as are prescribed thereunder so however that 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.
[Cap. P4.]
(2) Notwithstanding anything to the contrary in the Pensions Act, the compulsory retiring age of an academic staff of the Institute shall be sixty five years.
[1995 NO.6. Cap. P4.]
(3) A law or rule requiring a person to retire from the public service after serving for thirty-five years shall not apply to an academic staff of the Institute.
[1995 No.6.]
(4) For the purposes of the application of the provisions of the Pensions Act, any power exercisable thereunder by a Minister or other authority of the Federal Government (not being power to make regulations under section 23 thereof) is hereby vested in and shall be exercisable by the Institute and not by any other person or authority.