Regulation 9 Superannuation funds

Regulation P1 of the principal Regulations is amended–

(a)

in paragraph (1)–

(i)

by inserting at the end of sub-paragraph (c) the word “and”,

(ii)

in sub-paragraph (d), by deleting the word “and”,

(iii)

by deleting sub-paragraph (e), and

(iv)

by inserting, before the words “and every superannuation fund”, the words “the superannuation funds vested by regulation 2 of the Local Government Superannuation (Water) Regulations 1989 in the National Rivers Authority,”;

(b)

by inserting after paragraph (1) the following:

“(1A)

The National Rivers Authority shall establish and maintain a superannuation fund for the purposes of these Regulations.”; and

(c)

in paragraph (2)–

(i)

by deleting the words “(other than the Severn-Trent Water Authority)”, and

(ii)

by inserting after the words “paragraph (1)” the words “or (1A)”.