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Pensions Measure 1997

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This is the original version (as it was originally enacted).

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.

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