Paragraph 7 I1

(1)

A direction under paragraph 5 or 6 may require the UKAEA to make such supplemental, consequential and transitional provision modifying a UKAEA pension scheme as the Secretary of State considers appropriate.

(2)

Before giving a direction under paragraph 5 or 6, the Secretary of State must consult—

(a)

the UKAEA;

(b)

the Treasury; and

(c)

such persons as appear to him to represent the employees, or directors or other officers, likely to be affected by the direction.

(3)

The power to give a direction under paragraph 5 affecting persons who become employees, or directors or other officers, of a publicly controlled company is not exercisable after the company has ceased to be a publicly controlled company.

(4)

The provisions of paragraphs 5 and 6—

(a)

are in addition to the powers of the Secretary of State to give directions to the UKAEA under paragraph 13 of this Schedule, paragraph 7 of Schedule 10 to this Act or section 3 of the Atomic Energy Authority Act 1954 (c. 32); and

(b)

are to be disregarded in construing those powers.

Annotations

Commencement

I1: Sch. 8 para. 7 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)