Section 29, The National Power Authority Act, 1982

(1) The Authority shall establish and maintain pension, superannuation, provident and other funds as it may consider desirable for the provision of payments, gratuities or other allowances on death, sickness, injury, superannuation, resignation or retirement or discharge of its members, officers, servants and their dependants. The Authority may make Rules subject to the approval of the Minister, providing for the payment of moneys out of the revenue of the Authority to such funds and providing for the contribution of moneys to such funds by the members, officers and servants of the Authority. The Authority may contract with an insurance company of other body for the maintenance of such funds. (2) On Vesting Day the moneys in any existing Sierra Leone Electricity Corporation Pension Scheme or schemes shall be transferred to the Authority for the benefit of the funds to be established under sub-section (1). PART III—LICENCES [Margin: Licence required for use of installations; terms, conditions and contents of licences.]