Search Legislation

Pensions Measure 1997

Status:

This is the original version (as it was originally enacted).

Church Commissioners

5Liability of Commissioners

(1)The Commissioners shall continue to be liable to meet the cost of—

(a)any pension arising from the retirement or death of a scheme member in so far as it is attributable to past service;

(b)any lump sum payment arising from the retirement of a scheme member in so far as it is attributable to past service;

(c)any lump sum payment arising from the death of a scheme member occurring before the appointed day.

(2)For the purposes of subsection (1) above, the amount of any pension or lump sum payment shall include any increase in the rate or amount thereof, augmentation of an individual’s pension or supplementary pension awarded under the regulations or rules, whether before or after the appointed day.

(3)The Commissioners shall not be liable to meet the cost of—

(a)any pension arising from the retirement or death of a scheme member in so far as it is attributable to future service; or

(b)any lump sum payment arising from the retirement of a scheme member in so far as it is attributable to future service; or

(c)any lump sum payment arising from the death of a scheme member occurring on or after the appointed day.

6Transitional grants by Commissioners for funded scheme

The Commissioners may, within such period as they may determine not exceeding the period of seven years following the commencement of the appointed day, make such grants to a responsible body as they may think expedient for the purpose of assisting that body in meeting the cost of any contribution due to be paid under section 4(1) above.

7Application of capital

(1)The Commissioners may, within such period as they may determine not exceeding the period of seven years following the commencement of the appointed day, apply capital funds for the purpose of meeting the cost of—

(a)any pension or lump sum due to be paid under the past service scheme; or

(b)any pension or lump sum payment payable under the Church Commissioners' Superannuation Scheme in so far as it is attributable to a period of service before the appointed day; or

(c)any grant made under section 6 above.

(2)In this section “capital funds” means funds held by the Commissioners, the income from which forms part of the Commissioners general fund.

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources