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Pensions (Pre-consolidation) Measure 2018
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- Church Measures
- 2018 No. 2
- SCHEDULE
- Paragraph 2
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This is the original version (as it was originally enacted).
Clergy Pensions Measure 1961
2(1)After section 18 insert—
“18AClergy (Widows and Dependants) Pensions Fund: power to transfer
(1)The Board may transfer to the funded scheme the sum for the time being standing to the credit of the Clergy (Widows and Dependants) Pensions Fund.
(2)The power under subsection (1) is exercisable by deed.
(3)A deed executed in exercise of that power shall provide for the making of all payments that the Board would, but for the exercise of the power, be required to make under section 18(2), by requiring the Board—
(a)to make the payments out of the funded scheme, or
(b)to make arrangements for securing that alternative provision is in place for the payments to be made.”
(2)In section 18 (duty of Pensions Board to administer Clergy (Widows and Dependants) Pensions Fund), after subsection (3) insert—
“(4)This section is subject to section 18A.”
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