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Paragraph 1

Original text. Later amendments are not shown.

In Clause 46, the following definitions shall be inserted in alphabetical sequence:

  • ““By-Analogy Arrangement” means an arrangement for providing pension and lump sum benefits for a person defined and referred to in the By-Analogy Assimilation Regulations as a “by-analogy member”;

  • “By-Analogy Assets” means in relation to each By-Analogy Arrangement the assets which are transferred to the Scheme in respect of such arrangement by the relevant By-Analogy Employer pursuant to the By-Analogy Assimilation Regulations;

  • “By-Analogy Assimilation Regulations” means the Electricity Supply Pension Scheme (Eligible Persons) Regulations 1990;

  • “By-Analogy Employer” means the person having liabilities in relation to a By-Analogy Arrangement, being defined and referred to in the By-Analogy Assimilation Regulations as a “relevant existing body”;

  • “By-Analogy Liabilities” means in relation to each By-Analogy Arrangement the liabilities which are assumed by the Trustees in respect of such arrangement pursuant to the By-Analogy Assimilation Regulations, that is to say every liability or obligation outstanding immediately before the coming into force of the By-Analogy Assimilation Regulations and incurred by any By-Analogy Employer or other person on behalf of or for the purposes of a By-Analogy Arrangement;

  • “Transferred By-Analogy Member” means:

    1. (a)

      an individual who was contributing in respect of a By-Analogy Arrangement on the date on which the By-Analogy Assimilation Regulations came into force;

    2. (b)

      an individual who had ceased contributing in respect of a By-Analogy Arrangement on such date and was in receipt of a pension pursuant to such arrangement; or

    3. (c)

      an individual who had ceased contributing in respect of a By-Analogy Arrangement on such date and was prospectively entitled to benefits pursuant to such arrangement;

  • “Transferred Former By-Analogy Member” means a person who was deceased on the date on which the By-Analogy Assimilation Regulations came into force and in respect of whom benefits were being paid under a By-Analogy Arrangement on such date;”.