50Continuation of Parliamentary Retiring Benefits Fund

### 50 Continuation of Parliamentary Retiring Benefits Fund > > (1)  For the purposes of this Part, the Parliamentary Retiring Benefits Fund established under the 1985 Act immediately before 27 November 2002 continues as a subfund of the Fund. > > > (2)  The PRB Fund is to consist of – > > > > > > (a) contributions paid by members to whom this Part applies; and > > > > > > > (b) money paid by the Minister under this Part; and > > > > > > > (c) income derived from the investment of money forming part of the PRB Fund; and > > > > > > > (d) any estate or interest in land and any money, investments or other property of the PSRB Trust arising from its administration of the 1985 Act. > > > (3)  All benefits provided by this Part are to be paid from the PRB 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 PRB Fund, is taken to be, or include, a reference to the Commission; and > > > > > > > (b) any legal, or other, proceedings that – > > > > > > > > > > (i) relate to the PRB 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 PRB 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 PRB 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 PRB 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 PRB 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.