Pensions Measure 1997

General provisions as to pension schemes E

1 Past service and funded schemes. E

(1) There shall be two schemes with respect to the pensions and lump sum payments payable to clerks, deaconesses and licensed lay workers and their widows, widowers and dependants, as follows—

(a) a scheme related exclusively to past service, to be known as “the Church of England Pensions Scheme” and referred to in this Measure as “the past service scheme”;

(b) a scheme related to future service, to be known as “the Church of England Funded Pensions Scheme” and referred to in this Measure as “the funded scheme”.

(2) The past service scheme shall comprise provisions contained in the M1 Church of England Pensions Regulations 1988, the Clergy Pensions (Lump Sum Payments) Rules 1988 and any further regulations or rules relating to the past service scheme, whether made before or after the passing of this Measure.

(3) The funded scheme shall be established by deed by the Pensions Board (hereinafter referred to as “the Board”).

Annotations:

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Marginal Citations

M1 S.I. 1988 No. 2256.

2 Funded Scheme Rules. E

(1) The funded scheme shall provide for the making of rules as to the nature and amount of the pensions and lump sum payments payable under the funded scheme and for the making of amending rules.

(2) Any such rules shall be laid before the General Synod and shall not come into operation until they have been approved by the Synod.

(3) Where the Standing Committee of the General Synod determine that any such rules do not need to be debated by the Synod, then, unless —

(a) notice is given by a member of the Synod in accordance with its Standing Orders that he wishes the rules to be debated; or

(b) notice is so given by any such member that he wishes to move an amendment to the rules,

the rules shall for the purposes of subsection (2) above be deemed to have been approved by the Synod without amendment.