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Pensions Measure 1997

1997 No. 1

A Measure passed by the General Synod of the Church of England to make further provision in relation to pensions and related benefits for certain persons who are or have been in the service of the Church of England and their widows, widowers and dependants.

[21st March 1997]F1

General provisions as to pension schemes

F21 Past service and funded schemes.

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F22 Funded Scheme Rules.

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Funded scheme

F23 Establishment of pensions fund.

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F24 Contributions to pensions fund.

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Church Commissioners

F25 Liability of Commissioners.

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F26 Transitional grants by Commissioners for funded scheme.

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F27 Application of capital.

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Pensions Board

F28 Constitution of Board.

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Miscellaneous

F29 Interpretation.

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10 Amendments and repeals.

(1)

The enactments specified in Schedule 1 to this Measure shall have effect subject to the amendments specified in that Schedule, being minor amendments or amendments consequential on the preceding provisions of this Measure.

F3(2)

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F3(3)

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11 Citation, commencement and extent.

(1)

This Measure may be cited as the Pensions Measure 1997 and this Measure may be cited with the Church of England (Pensions) Measures 1961 to 1988 as the Church of England (Pensions) Measures 1961 to 1997.

(2)

This Measure shall come into force on such day as the Archbishops of Canterbury and York may jointly appoint.

(3)

This Measure shall extend to the whole of the provinces of Canterbury and York except the Channel Islands, but the provisions thereof may be applied to the Channel Islands as defined in the Channel Islands (Church Legislation) Measures 1931 and 1957, or either of them, in accordance with those Measures.

SCHEDULES

SCHEDULE 1 Minor and consequential amendments

Section 10(1).

Part I Amendments to Measures

Church Commissioners Measure 1947

1

The M1Church Commissioners Measure 1947 shall have effect subject to the following amendments.

2

In section 6 after subsection (3) there shall be inserted the following subsection—

“(3A)
Before making any recommendation under subsection (3)(b) above the Assets Committee shall obtain the advice of an actuary as to the likely effect of adopting the recommendation on the Commissioners’ financial position as a whole and shall have regard to that advice; and the Commissioners shall ensure that a summary of such advice is included in their annual report under section 12 of this Measure.
For the purposes of this subsection “actuary” means a Fellow of the Institute of Actuaries or of the Faculty of Actuaries in Scotland, not being a Church Commissioner or a member of the staff of the Commissioners, and includes a firm of actuaries.”.

3

In section 10(6) after the words “general fund, and" there shall be inserted the words “ , subject to section 7 of the Pensions Measure 1997 (which relates to the use of capital funds) ”.