Explanatory note

These Regulations provide that employees of Greater Manchester Buses North Limited who are members of the Local Government Superannuation Scheme on the coming into force of these Regulations may continue as members notwithstanding the Local Government Superannuation (Membership) Regulations 1993 under which they otherwise would have had to leave the scheme on the sale to the private sector of that bus company (regulation 2). Regulation 3 provides that this arrangement may only be terminated on 3 months' notice by the agreement of a majority of that bus company’s employees who are members of the scheme.