23. Appointment and removal of employees of the Central Bank

The Governing Board may appoint and remove employees of the Central Bank, and may determine the terms and conditions of their employment including the remuneration.

No remuneration shall be based on the profits of the

The Governing Board may establish and regulate pensions or provident funds or schemes for the benefit of employees and their dependents and nominees, and may make contributions to any such fund or scheme.

The Governing Board may, notwithstanding the provisions of subsection (1) of section 114, grant loans and advances, to employees of the Central Bank for such purposes as may be determined by the Governing Board subject to such terms and conditions as may be determined by the Governing Board.

The compulsory age of retirement for every employee of the Central Bank shall be sixty years and the optional age of retirement for every employee of the Central Bank shall be fifty-five years.

The Central Bank shall make rules relating to disciplinary control for all the employees of the Central