# The Iron and Steel (Pension Schemes) Regulations 1970, 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).”

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Source: https://www.legislation.gov.uk/uksi/1970/1163/regulation/5 (the official version)
Page: https://openlegislation.uk/iron-and-steel-pension-schemes-regulations-1970/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.