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SCHEDULES

SCHEDULE 1The Occupational Pensions Board

Expenses, remuneration, etc. of members

6The expenses of the Board, to such an amount as may be approved by the Treasury, shall be paid by the Secretary of State.

7There may be paid as part of the expenses of the Board—

(a)to all or any of the members of the Board, such salaries or other remuneration and travelling and other allowances;

(b)to persons attending their meetings at the request of the Board, such travelling and other allowances (including compensation for loss of remunerative time); and

(c)to persons from whom the Board may decide to seek advice, as being persons considered by the Board to be specially qualified to advise them on particular matters, such fees,

as the Secretary of State may with the consent of the Treasury determine.

8The Secretary of State may with the consent of the Treasury provide for the payment of pensions, allowances or gratuities to or in respect of such members of the Board as may be so determined.

9Where—

(a)a person ceases to be a member of the Board otherwise than on the expiration of his term of office, and

(b)it appears to the Secretary of State that there are circumstances which make it right for that person to receive compensation,

the Secretary of State may with the consent of the Treasury make to that person a payment of such amount as the Secretary of State may with the consent of the Treasury determine.