Section 1: Establishment of a Pension Board for Personnel of the State Security Service

(1) There is established a Pensions Board (in this Act referred to as "the Board") which is charged with the responsibility for payment of pensions and gratuities to all personnel of the Service.
(2)
This Act shall apply to all personnel of the Service including those who had retired before the commencement of this Act.
(3)
The retirement benefits of personnel referred to in subsection (2) above shall be adjusted to be commensurate with the provisions of this Act.