Article 5 Required payments

(1)

In August of each year, the Treasury shall submit a request in writing to the Common Council specifying the payments that are to be made by the Common Council to the Treasury.

(2)

The payments required under paragraph (1) are that part of the amount which the Common Council would be liable to pay (apart from this Order) in the appropriate financial year by way of pensions and other benefits in respect of the service of a person who has ceased to hold relevant office which is attributable to a person’s service in relevant office.

(3)

Any request made under paragraph (1) shall show the calculations made, by reference to—

(a)

the length of service in relevant office; and

(b)

the salary received,

for the purpose of determining the required payments in respect of the appropriate financial year.

(4)

In this article—

(a)

“financial year” means a year commencing on 1 April and ending on 31 March; and

(b)

“the appropriate financial year” means the financial year during which a request is made in August in that year;

and in the following provisions of this Order any reference to an appropriate financial year shall be construed accordingly.