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Pensions Measure 1997

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This is the original version (as it was originally enacted).

2Funded Scheme Rules

(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.

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