34. The First Schedule to the Principal Act is amended—

(a) in paragraph 2, by substituting “2” for “16”,

(b) by substituting the following paragraph for paragraph 8:

“8. Of the ordinary members of the Pensions Authority—

(a) one shall be nominated by the Minister and shall be an officer and representative of the Department of Social Protection, and

(b) one shall be nominated by the Minister for Finance and shall be an officer and representative of the Department of Finance.”,

(c) in paragraph 11(1), by substituting “shall” for “may”,

(d) by deleting paragraph 16,

(e) in paragraph 19, by substituting “2” for “5”, and

(f) in paragraph 23, by deleting “or more than one”.