SCHEDULES

SCHEDULE 1Office for Budget Responsibility

Remuneration

I14

1

The Office may, with the approval of the Treasury—

a

pay, or make provision for paying, to a member of the Office such remuneration as the Treasury may determine, and

b

pay, or make provision for paying, to or in respect of a person who is or has been a member of the Office any such pension, allowances or gratuities as the Treasury may determine.

2

Where—

a

a person ceases to be a member of the Office otherwise than at the end of the period for which the person was appointed, and

b

it appears to the Office and the Treasury that there are circumstances which make it right for the person to receive compensation,

the Office may make a payment to the person of such amount as the Treasury may determine.