10Continuation of Parliamentary Superannuation Fund

### 10 Continuation of Parliamentary Superannuation Fund > > (1)  For the purposes of this Part, the Parliamentary Superannuation Fund, as established under the 1973 Act immediately before 27 November 2002, continues as a subfund of the Fund. > > > (2)  The PS Fund is to consist of – > > > > > > (a) the money and investments of which the former fund consisted immediately before the commencement of these regulations; and > > > > > > > (b) contributions paid and repayments made by members to whom this Part applies and former members under this Part; and > > > > > > > (c) moneys paid into the PS Fund by the Minister under this Part; and > > > > > > > (d) income derived from the investment of moneys forming part of the PS Fund; and > > > > > > > (e) any estate or interest in land and any money, investments or other property of the PSRB Trust arising from its administration of the 1973 Act. > > > (3)  All pensions, lump sum payments and other benefits provided by this Part (including pensions that are payable out of the PS Fund under [regulation 4](#GS4@EN) ) are to be paid from the PS Fund. > > > (4)  On and from the day (the ***commencement day***) on which these regulations take effect – > > > > > > (a) a reference in any other Act, in any instrument made under any other Act, in any contract, agreement, arrangement or undertaking, or in any document of any kind, to – > > > > > > > > > > (i) the Board; or > > > > > > > > > > > (ii) any predecessor of the Board – > > > > > > > > to the extent to which the reference relates to the assets, or the rights or liabilities, of the Board in relation to the PS Fund, is taken to be, or include, a reference to the Commission; and > > > > > > > (b) any legal, or other, proceedings that – > > > > > > > > > > (i) relate to the PS Fund or to assets, rights or liabilities that are, after the commencement day, assets, rights or liabilities of the Commission or the Fund; and > > > > > > > > > > > (ii) are commenced, before the commencement day, by or against the Board or a predecessor of the Board; and > > > > > > > > > > > (iii) are pending immediately before the commencement day – > > > > > > > > are taken to be proceedings pending by or against the Commission; and > > > > > > > (c) any legal, or other, proceedings that – > > > > > > > > > > (i) relate to the PS Fund or to assets, rights or liabilities that are, after the commencement day, assets, rights or liabilities of the Commission or the Fund; and > > > > > > > > > > > (ii) could have been commenced, before the commencement day, by or against the Board or a predecessor of the Board – > > > > > > > > may be commenced by or against the Commission; and > > > > > > > (d) a judgment or order of a court, or other tribunal, that – > > > > > > > > > > (i) relates to the assets, rights or liabilities of the Board or the Fund in relation to the PS Fund; and > > > > > > > > > > > (ii) is obtained before the commencement day by or against the Board or a predecessor of the Board – > > > > > > > > may be enforced by or against the Commission; and > > > > > > > (e) any document, relating to legal, or other, proceedings, that – > > > > > > > > > > (i) relates to the assets, rights or liabilities of the Board or the Fund in relation to the PS Fund; and > > > > > > > > > > > (ii) has been served on or by the Board, or a predecessor of the Board, before the commencement day – > > > > > > > > is taken, where appropriate, to have been served on or by the Commission; and > > > > > > > (f) any act, matter or thing done, or omitted to be done, before the commencement day – > > > > > > > > > > (i) in relation to the assets, rights or liabilities of the Board or the Fund in relation to the PS Fund; and > > > > > > > > > > > (ii) by, to or in respect of the Board or a predecessor of the Board – > > > > > > > > is (to the extent to which that act, matter or thing has any force or effect) taken to have been done, or omitted, by, to or in respect of the Commission.