Continuation of existing arrangements
1The pension schemes
(1)The following pension schemes continue to have effect—
(a)the Church of England Funded Pensions Scheme (“the funded scheme”);
(b)the Church of England Pensions Scheme (“the past service scheme”);
(c)the Church Workers Pension Fund (“the workers’ fund”);
(d)the Church Administrators Pension Fund (“the administrators’ fund”);
(e)the Clergy (Widows and Dependants) Pensions Fund (“the widows and dependants fund”).
(2)Every person who, immediately before the commencement of this section, was a member of a pension scheme referred to in subsection (1) continues to be a member of that scheme.
2The Church of England Pensions Board
(1)There is to continue to be a body corporate known as the Church of England Pensions Board (“the Board”).
(2)Schedule 1 (which makes further provision about the Board) has effect.