PART 2The funded scheme
I111Liability of Church Commissioners
1
The Church Commissioners are not liable to meet—
a
the cost of a pension arising from the retirement or death of a clerk, deaconess or licensed lay worker in so far as the pension is attributable to pensionable service on or after 1 January 1998,
b
the cost of a lump sum payment arising from the retirement or death of a clerk, deaconess or licensed lay worker in so far as the payment is attributable to pensionable service on or after that date, or
c
the cost of a lump sum payment arising from the death of a clerk, deaconess or licensed lay worker on or after that date.
2
Subject to that, the Church Commissioners may make to the Board grants out of their general fund or loans for any purpose connected with—
a
the payment of pensions to retired members of the funded scheme;
b
the payment of pensions to surviving spouses or civil partners and to children and dependants of deceased members of the funded scheme.
3
It is up to the Commissioners to decide the amount of a grant or loan under subsection (2) and the terms on which a loan under that subsection is made.
F14
This section does not affect any liability of the Church Commissioners in their capacity as a responsible body within the meaning of section 10.