Part III Amendment of the North Scheme relating to certain employees of the North Board who become employees of Scottish Power plc

After Rule 2.1.4 there shall be inserted the following Rule:–

“2.1.5

(1)

Notwithstanding the provisions in Rules 2.1.1 to 2.1.4 this Rule applies to a person who:–

(a)

on 31 March 1990 was a member of the Scheme;

(b)

immediately prior to 31 March 1990 was employed by the Board and located at Cruachan Power Station;

(c)

on 31 March 1990 became an employee of Scottish Power plc; and

(d)

has not opted to transfer to the ScottishPower Pension Scheme.

These persons will, for the purposes of this Rule, be referred to as the “Cruachan Employees”.

(2)

A Cruachan Employee may continue to participate in the Scheme in accordance with the Rules subject to sub-paragraph (3).

(3)

A Cruachan Employee shall not continue to participate in the Scheme as a contributor where he has moved from the post ascribed to him on 31 March 1990.”.