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5(1)Sub-paragraph (2) applies where—
(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)The Minister for the Civil Service may determine that the person’s term of office as chairman must 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)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.
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