Section 312 Meaning of “relevant nuclear pension scheme”I1

United Kingdom

(1)

In this Chapter, “relevant nuclear pension scheme” means—

(a)

a pension scheme maintained by or on behalf of the NDA under or by virtue of section 8(1)(a) or (b) of the Energy Act 2004, or

(b)

subject to subsections (2) and (3), a scheme that provides for the payment of pensions or other benefits to or in respect of persons who are, or have been, employed to perform duties relating to matters that correspond or are similar to matters in respect of which the NDA has functions.

(2)

A scheme of a kind mentioned in subsection (1)(b) is a relevant nuclear pension scheme only to the extent that the pensions or other benefits are provided in connection with employment by a person with public functions.

(3)

Subsection (1)(b) does not apply to—

(a)

a UKAEA pension scheme (within the meaning given by paragraph 1(1) of Schedule 8 to the Energy Act 2004);

(b)

a scheme that provides for the payment of pensions or other benefits to or in respect of persons specified in section 1(2) of the Public Service Pensions Act 2013 (schemes for persons in public service).

(4)

In this section, “the NDA” means the Nuclear Decommissioning Authority.

Annotations

Commencement

I1: S. 312 in force at Royal Assent, see s. 334(2)(o)