4(1)The [F1PC] may—E+W+S
(a)pay such pensions, allowances or gratuities as it may determine to or in respect of persons who are or have been employees of the [F1PC];
(b)make such payments as it may determine towards provision for the payment of pensions, allowances or gratuities to or in respect of such persons; or
(c)provide and maintain such schemes (whether contributory or not) as it may determine for the payment of pensions, allowance or gratuities to or in respect of such persons.
(2)The pensions, allowances or gratuities referred to in sub-paragraph (1) include pensions, allowances or gratuities by way of compensation in respect of loss of employment or loss or diminution of emoluments.
Textual Amendments
F1Words in Sch. 5 substituted (25.2.2010) by The Passengers’ Council (Non-Railway Functions) Order 2010 (S.I. 2010/439), art. 1, Sch. para. 9(7)(b)
Commencement Information
I1Sch. 5 para. 4 in force at 24.7.2005 by S.I. 2005/1909, art. 2, Sch.