Pensions, allowances, etc.S
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2(1)The Parliamentary corporation may make arrangements for the payment of pensions, allowances or gratuities to, or in respect of, any person who has ceased to hold the office of Commissioner and (without prejudice to that generality) may—
(a)make contributions or payments towards provision for such pensions, allowances or gratuities; and
(b)for the purposes of this sub-paragraph, establish and administer one or more pension schemes.
(2)The references in sub-paragraph (1) to pensions, allowances and gratuities include references to, as the case may be, pensions, allowances or gratuities by way of compensation for loss of office.