Pensions Measure 1997

Clergy Pensions Measure 1961 E

4 The M1 Clergy Pensions Measure 1961 shall have effect subject to the following amendments. E

Annotations:

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Marginal Citations

M1 1961 No. 3.

5 In section 17 for subsections (1) and (2) there shall be substituted the following subsections — E

“(1) Subject to section 7 of the Pensions Measure 1997 (which relates to the use of capital funds), all payments to be made by the Commissioners under subsection (2) below shall be made out of their general fund.

(2) The Commissioners shall pay to the Board such sums as are required by the Board for the payments to be made by them under the past service scheme.”

6 In section 21(10) for the word “seven" there shall be substituted the words “ six, including at least two persons representing the members of the pension schemes administered by the Board ”. E

7 In section 22— E

(a) in subsection (2)—

(i) for the word “Commissioners" there shall be substituted the word “ Board ”;

(ii) for the words “their general fund" there shall be substituted the words “ funds administered by the Board ”;

(b) for subsection (3) there shall be substituted the following subsection —

“(3) The Commissioners may make payments to the Board out of their general fund for the purpose of meeting so much of the administrative expenses of the Board as appears to the Board to be proportionate to the work undertaken by the Board in the administration of the past-service scheme and other matters in respect of which the Commissioners have a financial interest.”.

8 In section 24— E

(a) for the words from “control" to “by this Measure" there shall be substituted the words “ administer the past service scheme and the funded scheme ”;

(b) in paragraph (a) after the word “Measure" there shall be inserted the words “ or the Pensions Measure 1997 ”;

(c) in paragraph (b) for the words from “upon the Clergy" to the end then there shall be substituted the words “ in such manner and upon such terms and conditions as the Board think fit ”.

9 In section 25 after the word “functions" there shall be inserted the words “ in connection with the past service scheme ”. E

10 In section 34— E

(a) in subsection (1)—

(i) for the word “Treasury" in the first place where it appears there shall be substituted the word “ Board ”;

(ii) the words from “under section 17(2)" to the end shall be omitted;

(b) in subsection (2) for the words “at such times" there shall be substituted the word “ annually ” and the words from “in such form" to the end shall be omitted.

11 In section 38A(2)— E

(a) for the words “the principal scheme" in the first place where they appear there shall be substituted the words “ the past service scheme and the funded scheme ”;

(b) for the words “the principal scheme" in the second place where they appear there shall be substituted the words “ those schemes ”.

12 In section 44 for the words from “Commissioners after" to “as the Commissioners" there shall be substituted the words “ Board to such other rate as the Board ”. E

13 In section 46(1)— E

(a) in the definition of “actuary” for the words from “employed" to the end of the definition there shall be substituted the words “ , not being a Church Commissioner or a member of the Board or a member of the staff of the Commissioners or the Board, and includes a firm of actuaries ”;

(b) after the definition of “ecclesiastical service” there shall be inserted the following definition—

• ““funded scheme” has the meaning assigned to that expression by the Pensions Measure 1997”;

(c) after the definition of “licensed lay worker” there shall be inserted the following definition—

• ““past service scheme” has the meaning assigned to that expression by the Pensions Measure 1997;”.