Regulation 5

The following regulation shall be added:—

“Modification of pension schemes

9

(1)

The pension schemes to which this regulation applies referred to in sub-paragraphs (a) to (c) of paragraph (4) hereof shall have effect as if any reference therein to service as an officer of a publicly-owned company included a reference to service after the date as from which this regulation has effect with any other publicly-owned company or with the Corporation.

(2)

The pension schemes to which this regulation applies referred to in sub-paragraph (d) of paragraph (4) hereof shall have effect as if any reference therein to service as an officer of the Corporation included a reference to service after the said date as an officer of any publicly-owned company.

(3)

For the purposes of any pension scheme to which this regulation applies the service of any person as a whole-time member of the Corporation, being a person who was subject to such a scheme when he became such a member, may be treated as if it were service as an officer of the Corporation.

(4)

This regulation applies to—

(a)

a publicly-owned company's pension scheme;

(b)

a holding company's pension scheme;

(c)

the publicly-owned company's part of a divided pension scheme;

(d)

the pension schemes referred to in regulation 8;

(e)

the British Steel Corporation Staff Superannuation Scheme approved by the Minister on 7th July 1969;

(f)

any other pension scheme approved by the Minister and having effect by virtue of regulation 2(1)(a).”