grant, or make provision for the grant of,
pensions, gratuities and retirement benefits to
employees;
(b)
provide other benefits for the welfare of
employees and their dependants; and
(c)
make payments, whether or not legally due, to the
personal representatives of a deceased employee
or to any person who was dependent on such
employee at his death.
(2) The Corporation may establish, manage and control
or enter in an arrangement with any company or association
for the establishment, management and control by such
company or association either alone or jointly with the
Corporation of any fund or scheme for the purpose of
providing for the pensions, gratuities, benefits and
payments referred to in subsection (1).
(3) The Corporation may make contributions to any
fund or scheme referred to in subsection (2) and may
require employees to make contributions thereto.
(4) In this section "employees" includes any class of
employee which the Corporation may specify and in
subsection (1) includes former employees.