OpenLegislation

Paragraph 1

Original text. Later amendments are not shown.

Subject to paragraph 3, the functions, property, rights and liabilities which are transferred by article 3 are—

(a)

the functions of the Residuary Body as administering authority under the Local Government Superannuation Regulations 1986, together with the superannuation fund maintained by the Residuary Body and all property, rights and liabilities in respect of it;

(b)

the functions, rights and liabilities of the Residuary Body in respect of pensions payable by it otherwise than under those Regulations;

(c)

without prejudice to the foregoing, the functions, rights and liabilities which are vested in or fall to be discharged by the Residuary Body under or by virtue of section 61 of the 1985 Act (payment of pensions increases); and

(d)

any moneys or other property forming a fund maintained by the Residuary Body for the purposes of the functions referred to in sub-paragraphs (b) or (c).