3(1)A residuary body shall pay to each member such remuneration and allowances (if any) as the Secretary of State may determine.E+W
(2)As regards any member of a residuary body in whose case the Secretary of State may so determine, the body shall pay or make provision for the payment of such sums by way of pension, allowances and gratuities to or in respect of him as the Secretary of State may determine.
(3)Where a person ceases to be a member of a residuary body otherwise than on the expiration of his term of office and it appears to the Secretary of State that there are special circumstances which make it right for him to receive compensation, the body shall pay as compensation to that person such amount as the Secretary of State may determine.
(4)Where an employee of a residuary body becomes a member of that body and immediately before becoming a member was by reference to his employment by that body participating in a superannuation scheme, the body may make provision for him to continue to participate in that scheme, on terms and conditions determined by the body with the consent of the Secretary of State, as if his service as a member were service as an employee; and any such scheme shall have effect subject to any provision made under this sub-paragraph.
(5)Any determination by the Secretary of State under this paragraph shall require the consent of the Treasury.
Modifications etc. (not altering text)
C1Sch. 13 para. 3 amended by S.I. 1989/1815, art. 2, Sch. 1 para. 2(c)
C2Sch. 13 para. 3(2): all functions transferred (28.3.1991) by S.I. 1991/710, art. 4(3)
C3Sch. 13 para. 3(2): certain functions transferred (31.3.1991) by S.I. 1991/517, art. 2 (b)
C4Sch. 13 para. 3(2)(4): certain functions transferred (1.4.1992) by S.I. 1992/331, art. 2(2)(4)