41.— (1) The Minister may, from time to time, cause to be carried out either—

(a) an actuarial review or an actuarial review and revaluation of the Scheme or any part of it, or

(b) any other review of the Scheme, or any part of it.

(2) An actuarial review or an actuarial review and revaluation to which subsection (1)(a) relates shall be carried out by a person who—

(a) is qualified to provide actuarial services and is a fellow of the Society of Actuaries in Ireland or any successor body,

(b) is qualified to provide actuarial services in another Member State of the European Union, and whose qualification corresponds to that of a person to whom paragraph (a) relates, or

(c) is qualified to provide actuarial services in another state and is entitled to be a fellow of that Society or any equivalent or successor body by virtue of any mutual recognition agreements of that Society or of any successor body, respectively.

(3) A person carrying out an actuarial review or an actuarial review and revaluation to which this section relates shall be independent in the exercise of that function.

(4) Subject to subsection (2), a review or an actuarial review or an actuarial review and revaluation for the purposes of subsection (1) shall have regard to such and so many of the following matters as the Minister considers appropriate:

(a) the overall cost of the Scheme and the contributions paid by the Scheme members and the contribution made by the State in respect of the Scheme members;

(b) the cost of the membership of persons to whom section 20 relates and the contributions paid by those persons and the contribution made by the State in respect of those persons;

(c) the cost of the membership of persons or any class of persons to whom section 19, 21, 22, 23, 24, 25, 26, 27, 28 or 29 relates and the contributions paid by those persons or that class of persons and the contribution made by the State in respect of those persons or that class of persons;

(d) the cost of the membership of persons or any class of persons in respect of whom—

(i) a lump sum is paid under section 30, or

(ii) benefits are paid under section 33 or 39,

and the contributions paid by those persons or that class of persons and the contribution made by the State in respect of those persons or that class of persons;

(e) any statutory deductions;

(f) any other matter that the Minister considers to be of relevance in the circumstances,

and, accordingly, a review or an actuarial review or an actuarial review and revaluation may be in respect of all Scheme members or of the persons, or any class of persons, to whom paragraph (b), (c), (d), (e) or (f), as the case may be, relates as the Minister directs.