# The Local Authorities (Capital Finance and Accounting) (England) Regulations 2003, Regulation 4: Retirement benefits

Extent: E+W

(1) Liabilities for retirement benefits appropriated to a pension reserve in accordance with proper practices are liabilities specified for the purposes of section 7(3)(c).
(2) For the purposes of paragraph (1) and regulation 30, “retirement benefits” means benefits payable pursuant to statutory requirements under an arrangement accounted for as a defined benefit pension plan or as other long-term employee benefits (as defined in accordance with proper practices).

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Source: https://www.legislation.gov.uk/uksi/2003/3146/regulation/4 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-and-accounting-england-regulations-2003/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.