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Paragraph 1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The appropriate fund for a member is the fund specified in column 2 of the following Table for a member of his description.

(2)

But where a member falls into paragraph 5 of that Table or paragraph 3 of the Table in Part II of this Schedule, the Secretary of State may by direction substitute another fund (“the substituted fund”).

(3)

Before doing so he must consult with any bodies appearing to him to be affected by the proposed direction.

(4)

The direction may require the making of financial adjustments between the funds, whether by way of a payment to the substituted fund or of a transfer of assets or both.

(5)

It may also contain provision as to the transfer of liabilities to the substituted fund and any other consequential and incidental matters.

(6)

Where an administering authority have established an admission agreement fund under regulation 75—

(a)

references in this Schedule and in regulation 74 to the fund are to the fund maintained by that authority under regulation 73, and

(b)

in relation to a member employed by a body specified in the notice required by regulation 75(3), the appropriate fund is the admission agreement fund.

TABLE

MemberAppropriate fund
1

An employee of an administering authority (other than a London member).

Fund maintained by that authority.
2

A London member.

Fund maintained by the London Pensions Fund Authority.
3

A Welsh member.

Appropriate regulation 3 fund.
4

A Part II member.

Fund specified for him in Part II of this Schedule.
5

An employee of a company under the control of a Scheme employer specified in Schedule 2.

Fund which is the appropriate fund for employees of that Scheme employer.
6

An admission agreement employee.

Fund maintained by the administering authority with whom the admission agreement making him eligible for membership was made.
7

Members for whom no fund is specified by paragraphs 1 to 6, being—

(a)

members whose employing authority is specified in column 1 of the Table in Part III of this Schedule;

(a)

Fund maintained by the administering authority specified for that authority in column 2 of the Table in Part III of this Schedule;

(b)

members whose employing authority’s area is situated wholly or mainly in the local government area of another employing authority which is specified in column 1 of the Table in Part III of this Schedule.

(b)

Fund maintained by the administering authority specified for that other authority in column 2 of the Table in Part III of this Schedule.

8

Members for whom no fund is specified by paragraphs 1 to 7.

Fund maintained by the administering authority within whose local government area all or most of his employing authority’s area lies.