Section 12: Pensions. Cap. P4.

(1) It is hereby declared that service in the Fund is a scheduled service and shall be deemed to be pensionable under the Pensions Act, and accordingly employees of the Fund shall, in respect of their services in the Fund, be entitled to pensions, gratuities and other retirement benefits as are prescribed thereunder.
(2) Notwithstanding the provisions of subsection (1) of this section 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.