Section 8: Provisions relating to staff

8. Provisions relating to staff (1) Notwithstanding any other enactment, any officer or employee of the Development Works Corporation who has not been redeployed in the public service or a parastatal organisation as at the date of the coming into operation of this Act, shall be deemed to have retired from the Development Works Corporation on the ground of abolition of office. (2) An officer or employee to whom subsection (1) applies shall, in addition to his pension benefits under the Statutory Bodies Pension Fund Act, be entitled to receive from Government an additional compensation equivalent to one and half months salary, as at the date of coming into operation of this Act, for every year that he would have served before reaching retiring age, subject to a maximum of 10 years.