8(1)A residuary body shall, in the case of such of their employees or former employees as they may, with the approval of the Secretary of State given with the consent of the Treasury, determine—S
(a)pay such pensions, allowances or gratuities to or in respect of those employees;
(b)make such payments towards provision of such pensions, allowances or gratuities; or
(c)provide and maintain such schemes (whether contributory or not) for the payment of such pensions allowances or gratuities,
as they may, with the approval of the Secretary of State given with the consent of the Treasury, determine.
(2)The reference in sub-paragraph (1) above to pensions, allowances or gratuities in respect of employees of a residuary body includes a reference to pensions, allowances or gratuities by way of compensation to or in respect of any such employee who suffers loss of office or employment.