Section 1 Capital payments to wives of contributing members

The Trustees may make a single capital payment to each person who, on 13 November 2015, was the wife of a contributing member of the Widows' Fund, in lieu of prospective annuities that such a person would otherwise have been entitled to receive under the 1813 Act, in the event of being widowed.

Where a person such as is referred to in subsection (1) accepts a payment under that subsection, she loses any future entitlement, should she be widowed, to annuity payments from the Widows' Fund.

The Trustees are to make any payments under subsection (1) within a period of one month beginning with the day after Royal Assent.