# The Local Authorities (Capital Finance and Accounting) (Wales) (Amendment) Regulations 2010, Regulation 3: Retirement benefits


(1) For regulation 4(2) substitute—
“(2) For the purposes of paragraph (1) and regulation 24 “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).”.
(2) In relation to accounts prepared for the financial year beginning on 1 April 2009, paragraph (1) has effect as if for the words “defined benefit pension plan or as other long-term employee benefits” is substituted “defined benefit scheme”.
(3) In regulation 24(1), for the words “legislation specified in sub-paragraphs (a) to (f) of” substitute “statutory requirements mentioned in”.

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Source: https://www.legislation.gov.uk/wsi/2010/685/regulation/3 (the official version)
Page: https://openlegislation.uk/local-authorities-capital-finance-and-accounting-wales-amendment-regulations-2010/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.