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Article 7 Contributions to pension schemes to which protected persons belong

Original text. Later amendments are not shown.

(1)

The employer of a person who—

(a)

is a protected person, and

(b)

participates in the LRT Pension Fund or any other pension scheme in pursuance of his rights under this Order,

must make contributions to that scheme or, in the case of a scheme with different sections, the section of the scheme to which the person belongs, of not less than such amount and at such times as the actuary appointed by the trustees of the scheme for the purpose certifies as adequate for providing for the following rights in respect of that person.

(2)

Those rights are—

(a)

the pension rights which at the date as at which the actuary gives that opinion have accrued under the scheme or section or have been transferred to it in accordance with this Order,

(b)

any pension rights which are accruing in respect of current participation in the scheme or section, and

(c)

any enhancement of the rights mentioned in sub-paragraphs (a) and (b) by reason of increases in the remuneration of members of the scheme or section.

(3)

The trustees of a scheme or section to which this article applies must obtain a fresh certificate from the actuary for the purposes of paragraph (1) if—

(a)

a period of three years and six months has elapsed since the date as at which such a certificate was last given, or

(b)

the scheme or section is to be wound up in whole or in part, or

(c)

they consider it desirable for any other reason.