5(1)IBB must pay to its employees such remuneration and allowances as it may determine.
(2)IBB may pay, or make payments in respect of, such pensions, allowances or gratuities to or in respect of its employees or former employees as it may determine.
(3)Employment with IBB is included among the kinds of employment to which a scheme under section 1 of the Superannuation Act 1972 (c. 11) can apply, and accordingly in Schedule 1 to that Act (in which those kinds of employment are listed) insert at the appropriate place—
“Employment by the Independent Barring Board.”
(4)If any person—
(a)on ceasing to be employed by IBB becomes or continues to be one of its members, and
(b)was, by reference to his employment, a participant in a scheme under section 1 of that Act,
the Minister for the Civil Service may determine that his service as a member of IBB is to be treated for the purposes of the scheme as if his service as a member were service as an employee of IBB (whether or not any benefits are payable to or in respect of him by virtue of paragraph 3).
(5)IBB must pay to the Minister for the Civil Service, at such times as he may direct, such sums as he may determine in respect of any increase attributable to this paragraph in the sums payable out of money provided by Parliament under that Act.