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3(1)The Board shall—
(a)pay to members of the Board such remuneration;
(b)pay to or in respect of members of the Board any such allowances, fees, expenses and gratuities; and
(c)pay towards the provision of pensions to or in respect of members of the Board any such sums,
as the Board are required to pay by or in accordance with directions given by the Secretary of State.
(2)Where a member of the Board was, immediately before becoming a member, a participant in a scheme under section 1 of the [1972 c. 11.] Superannuation Act 1972, the Minister for the Civil Service may determine that his term of office as a member shall be treated for the purposes of the scheme as if it were service in the employment or office by reference to which he was a participant in the scheme; and his rights under the scheme shall not be affected by sub-paragraph (1)(c) above.
(3)Where—
(a)a person ceases to hold office as a member of the Board otherwise than on the expiry of his term of appointment; and
(b)it appears to the Secretary of State that there are special circumstances which make it right for him to receive compensation,
the Secretary of State may direct the Board to make to the person a payment of such amount as the Secretary of State may determine.
4(1)The Board may appoint a chief executive and such other employees as the Board think fit, subject to the consent of the Secretary of State as to their number and terms and conditions of service.
(2)The Board shall—
(a)pay to employees of the Board such remuneration; and
(b)pay to or in respect of employees of the Board any such allowances, fees, expenses and gratuities,
as the Board may, with the consent of the Secretary of State, determine.
(3)Employment by the Board shall be included among the kinds of employment to which a scheme under section 1 of the [1972 c. 11.] Superannuation Act 1972 may apply.
5The Board shall pay to the Minister for the Civil Service, at such times as he may direct, such sums as he may determine in respect of any increase attributable to paragraph 3(2) or 4(3) above in the sums payable out of money provided by Parliament under the [1972 c. 11.] Superannuation Act 1972.
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