5(1)Sub-paragraph (2) applies where—E+W
(a)a person is an active or deferred member of a scheme under section 1 of the Superannuation Act 1972 (c. 11), and
(b)he is appointed as chairman.
(2)In such a case the Minister for the Civil Service may determine that the person’s term of office as chairman is to be treated for the purposes of the scheme as service in the employment by reference to which he is a member (whether or not any benefits are payable by virtue of paragraph 3(3)).
(3)Employment with the regulator is to be included among the kinds of employment to which a scheme under section 1 of the Superannuation Act 1972 can apply; and accordingly in Schedule 1 to that Act (in which those kinds of employment are listed), at the end of the list of Other Bodies there is inserted— “ The Independent Regulator of NHS Foundation Trusts ”.
(4)The regulator must pay to the Minister for the Civil Service, at such times as the Minister may direct, such sums as he may determine in respect of any increase attributable to sub-paragraph (2) or (3) in the sums payable out of money provided by Parliament under the Superannuation Act 1972 (c. 11).
Commencement Information
I1Sch. 2 para. 5 in force at 1.1.2004 by S.I. 2003/3346, art. 2