Explanatory note
These regulations amend the Pensions Increase (Local Authorities' etc. Pensions) Regulations 1974 so as to secure that the cost of increasing certain pensions is borne by appropriate authorities. The pensions are those which become payable by the Severn-Trent Water Authority (“the pension authority”) instead of by the National Water Council (“the Council”), in consequence of the dissolution of the latter body.
Where the pensioner's last employment was in connection with superannuation on compensation functions of, or transferred to the pension authority from, the Council, or functions which have ceased to be exercisable by any statutory authority, the cost is to be apportioned among all the water authorities. In other cases where the relevant functions are exercisable by the pension authority, that authority are to bear the cost themselves. Where the relevant functions are still exercisable by a statutory authority other than the pension authority, the cost is to be borne by the former authority.