Remuneration etc.U.K.
7The Board shall pay to each member such remuneration as the Secretary of State may determine with the approval of [F1the Treasury].
Textual Amendments
F1Words substituted by virtue of S.I. 1981/1670, arts. 2(1)(d)(2), 3(5)
8The Board shall make such provision as may be determined by the Secretary of State with the approval of [F2the Treasury] for the payment of pensions, allowances or gratuities (including refunds of contributions to any pension fund with or without interest or other additions) to or in respect of such members or past members of the Board as may be so determined.
Textual Amendments
F2Words substituted by virtue of S.I. 1981/1670, arts. 2(1)(d)(2), 3(5)
9Where a person ceases to be a member otherwise than on the expiry of his term of office and it appears to the Secretary of State that there are special circumstances which make it right for that person to receive compensation, the Secretary of State, with the approval of [F3the Treasury], may direct the Board to make to that person a payment of such amount as the Secretary of State may determine with the approval of [F3the Treasury].
Textual Amendments
F3Words substituted by virtue of S.I. 1981/1670, arts. 2(1)(d)(2), 3(5)
10(1)Without prejudice to section 2(3) above, the Board may, in the case of such of the persons employed by them as may be determined by the Board, pay such pensions, allowances or gratuities to or in respect of them as may be so determined, make such payments towards the provision of such pensions, allowances or gratuities (including refunds of contributions to any pension fund with or without interest or other additions) as may be so determined or provide and maintain such schemes (whether contributory or not) for the payment of such pensions, allowances or gratuities as may be so determined.
(2)Where a person employed by the Board and participating in a scheme for the payment of pensions, allowances or gratuities which is applicable to such persons becomes a member of the Board, his service as a member may be treated for the purposes of the scheme as service as a person employed by the Board, whether or not provision for or in respect of him is made under paragraph 8 above.