My Lords, it is with a degree of apprehension that I rise on this issue, but I spotted the word pensions—and I even spotted the word Europe, but I do not propose to go there this afternoon.
Can the right reverend Prelate confirm that at the moment there are three pension arrangements? There is the Church of England (Pensions) Measure, for service before January 1998, funded by the commissioners; the Church of England Funded Pension Scheme for service from January 1998, which is funded by the members; and the Clergy (Widows and Dependants) Pension Fund, which was closed to new entrants a long time ago, and there are no current contributions being made to it. I think that the proposition here is to transfer resources from that fund to the other pension scheme. I understand that, if it is a consolidation. What I was looking for was the requirement for the Church of England Funded Pension Scheme to take on the mantle of the obligations that previously would have rested with the widows and dependants scheme.