Section 11: Accounts of Scheme and Fund

11. Accounts of Scheme and Fund (1) The Board shall, after the end of every financial year, submit to the Minister an annual report in respect of that financial year. (2) The financial statements of the Board shall be audited by the Director of Audit. (3) In this section – “annual report” means the report referred to in section 6A(2) of the Statutory Bodies (Accounts and Audit) Act. (c) in section 27 – (i) by repealing paragraphs (a) and (b) and replacing them by the following paragraphs – (a) where the contributor leaves a child, grant to the child a pension to be known as a children’s pension; 164 Acts 2017 (b) where the contributor leaves more than one child, grant, for their benefit, a pension to be known as a children’s pension which shall be apportioned equally between each child; (ii) by adding the following new paragraphs – (c) where the contributor leaves not more than one surviving spouse, grant to the surviving spouse a pension to be known as a surviving spouse’s pension; and (d) where the contributor leaves more than one surviving spouse, grant, for their benefit, the pension referred to in paragraph (c) which shall be apportioned equally between each surviving spouse.