PART 2The funded scheme
11Liability 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 F1, licensed lay worker or lay residentiary canon 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 F2, licensed lay worker or lay residentiary canon 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 F3, licensed lay worker or lay residentiary canon 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.
F4(4)
This section does not affect any liability of the Church Commissioners in their capacity as a responsible body within the meaning of section 10.