SCHEDULES

SCHEDULE 6Parliamentary and other pensions

Part 1Parliamentary and other pensions

The Parliamentary Contributory Pension Fund etc

Procedure for administration scheme

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1

The IPSA may make a scheme under paragraph 8 only with the consent of the trustees of the Fund.

2

Before making a scheme under paragraph 8 the IPSA must consult—

a

the Treasury,

b

the Minister for the Civil Service,

c

persons the IPSA considers to represent those likely to be affected by the scheme, and

d

any other person the IPSA considers appropriate.

3

The IPSA must send to the Speaker of the House of Commons for laying before the House of Commons—

a

any scheme made by it under paragraph 8, and

b

a statement of the reasons for making the scheme.

4

When the scheme and the statement of reasons have been laid, the IPSA must publish them in a way it considers appropriate.