Regulation 4 Rights to acquire pension benefits
For the purposes of section 134B(8)(b) of the Act (rights to acquire pension benefits), the rights to acquire pension benefits which a relevant employee must have as an employee of the new operatorf1 are rights which—
(a)
are the same as the rights the relevant employee had as an employee of the original operator; or
(b)
count, by virtue of regulation 5, as being broadly comparable to, or better than, those rights.
Annotations
Footnotes
- f1
-
The term “new operator” takes the meaning given in section 134B(1)(b) or, as the case may be, section 134B(2)(b), of the Transport Act 2000.