# The National Freight Company Pension Schemes (Unfunded Proportions) Order 1981, Note: Explanatory note


Section 54 of the Transport Act 1980 requires the Secretary of State to determine what proportion of the relevant pension obligations defined in the Act of specified National Freight Company pension schemes has not been funded and before the end of the first financial year to confirm or vary that determination by Order. This Order determines the unfunded proportions of the relevant pension obligations of the schemes specified in the Schedule and varies all previous determinations.

---
Source: https://www.legislation.gov.uk/uksi/1981/347/note (the official version)
Page: https://openlegislation.uk/national-freight-company-pension-schemes-unfunded-proportions-order-1981/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.