The objects of this Bill are to— (a) continue the existence of the Public Service Pensions Fund Board, re name it as the Public Service Pensions Fund and re define its functions; (b) re-constitute the Board of the re named Public Service Pensions Fund and re-define its functions; (c) continue the existence of the membership, contribution and benefit structure under the public service pensions fund and name it as the Public Service Pensions Scheme; (d) establish the Occupational Pensions Scheme; (e) continue the existence of the public service pensions fund, in relation to its property component, and re-name it as the Pensions Fund; (f) establish the Occupational Pensions Fund; (g) provide for the collection of pension contributions; (h) provide for the payment of benefits; (i) provide for the actuarial valuation of the Public Service Pensions, Scheme and Occupational Pensions Scheme; (j) repeal and replace the Public Service Pensions Act,1996; and (k) provide for matters connected with, or incidental to, the foregoing.