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Version Superseded: 01/05/2003
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(1)In section 26 of the principal Measure (which empowers the said Board to provide homes for the residence of retired clerks, etc. and to assist others in providing them), after subsection (3) thereof there shall be inserted—
“(3A)—
(1)The Board shall have power to make a loan, on such terms as the Board thinks fit, to—
(a)a retired clerk or his wife or a retired church worker or his or her spouse; or
(b)a clerk or church worker who has attained the retiring age as defined in this subsection or has attained the age below the retiring age as defined in this subsection or the wife of such clerk or the spouse of such church worker; or
(c)the widow of a deceased clerk or the widow or widower of a deceased church worker;
to assist him or her to purchase, build, rebuild or improve a dwelling-house (including a flat) in which he or she resides or is to reside or, in the case of a person falling within sub-paragraph (b) above, is to reside when retired, being a loan made on the security of the dwelling-house and in respect of a freehold interest or a leasehold interest the unexpired term of which is not less than sixty years.
In this subsection—
“the retiring age” means, in the case of aclerk or male church worker the age of 65 years or such other age as may for the time being be specified in a resolution under paragraph (2) below and in the case of a female church worker the age of 60 years or such other age as may for the time being be so specified;
“the age below retiring age” means, three years below retiring age or such other age below retiring age as may be for the time being specified as aforesaid.
(2)The General Synod shall have power by resolution to vary the retiring age and the age below retiring age by substituting different ages for those specified in paragraph (1) above or in any earlier resolution.
A resolution shall not be made except on a recommendation of the Board made with the concurrence of the Commissioners and a resolution may be in accordance with, or different from, a recommendation.
(3)A resolution under this subsection shall not affect a loan made by the Board before the resolution takes effect.”.
(2)References in sections 19, 20 and 28 of the principal Measure to the provision of homes of residence shall include references to the making of loans under the subsection inserted in section 26 of that Measure by subsection (1) above.
(3)Section 4(1) of the M1 Clergy Pensions (Amendment) Measure 1967 (which amended the said section 26 by inserting therein a provision empowering the Board to make loans to retired clerks, etc.), and in section 4(2) thereof (which made provision as to the construction of references to the provision of homes of residence), the words from “and the” to the end, are hereby repealed.
Modifications etc. (not altering text)
C1The text of s. 2(1)(3) is in the form in which it was originally enacted: it was not reproduced in Statutes in Force and does not reflect any amendments or repeals which may have been made prior to 1.2.1991.
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