Paragraph 5 I1

(1)

The Secretary of State may direct the UKAEA to make such modifications of a UKAEA pension scheme for the purpose of giving effect to paragraph 4 as may be specified in the direction.

(2)

He may also direct the UKAEA to make such modifications as may be so specified for either or both of the following purposes—

(a)

applying provisions of a UKAEA pension scheme that apply to employees of a publicly controlled company to the case of a person falling within sub-paragraph (3) who becomes a director or other officer of that company; and

(b)

modifying those provisions in their application to such a case.

(3)

A person falls within this sub-paragraph if, immediately before becoming a director or other officer of the company in question, he—

(a)

is a participant in a UKAEA pension scheme;

(b)

is eligible to become such a participant; or

(c)

would be eligible to be such a participant had he attained an age, or fulfilled a condition, specified in such a scheme.

Annotations

Commencement

I1: Sch. 8 para. 5 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1

Notes on Schedule 8

Modifications

C1: Sch. 8: power to amend conferred (26.10.2023) by Energy Act 2023 (c. 52), ss. 315, 334(2)(o)