OpenLegislation

Paragraph 4

Original text. Later amendments are not shown.

In Clause 13, sub-paragraph (1)(g) and the proviso to paragraph (1) shall be deleted and the following shall be substituted therefor:

“(g)

such further contributions as may from time to time be payable pursuant to the provisions of Clause 14(4) or may otherwise be determined by each Principal Employer for itself and its Participating Subsidiaries;

Provided That the contributions (whether due and payable or prospectively payable) by an Employer under sub-paragraphs (a) to (f) of this paragraph shall be reduced or suspended (whether with retrospective effect or otherwise) to the extent of:

(i)

any overpayment made by an Employer pursuant to the proviso to paragraph (3) of Rule 44 as compared with the amount subsequently determined by the Trustees thereunder in such a manner as shall be agreed between the Trustees and the Employer having regard to the advice of the Actuary unless the Trustees otherwise determine; and

(ii)

any surplus certified by the Actuary pursuant to paragraph (2) of Rule 45 in such a manner as shall be agreed between the Co-ordinator and the Employer having regard to the advice of the Actuary unless the Co-ordinator otherwise determines.”