(1) The Scottish Parliamentary Pension Scheme is to continue but is to be governed from the coming into force of this section in accordance with the rules set out in schedule 1.
(2) The Scottish Parliamentary Contributory Pension Fund (and all the SPCB's functions, rights, liabilities and obligations in relation to that Fund) are transferred to and vest in the Fund trustees appointed and holding office in accordance with those rules.
(3) Schedule 3 makes further transitional provisions and savings. Commencement Information I1 S. 1 wholly in force at 1.9.2009; s. 1(1)(3) in force at Royal Assent for certain purposes and s. 1(1)(3) in force otherwise at 1.9.2009 and s. 1(2) in force at 1.9.2009 see s. 5
Section 2
2. Grants payable on leaving office S
Schedule 2 sets out circumstances in which the SPCB is to pay grants to individuals when they stop being MSPs or holding certain offices.
