Article 6 Continuity for pension schemes maintained under the Atomic Energy Authority Act 1954

(1)

For the purposes of this Article—

(a)

a “relevant person” is a person for or in respect of whom a pension scheme may be maintained under paragraph 7(2) of Schedule 1 to the Atomic Energy Authority Act 1954^f1; and

(b)

a “relevant scheme” means, in relation to any relevant person, any such scheme which is maintained in respect of that person.

(2)

Any person who—

(a)

was a relevant person immediately before the coming into force of this Order; and

(b)

is transferred to the employment of STFC in accordance with this Order,

shall continue to be a relevant person in respect of his employment with STFC, and any relevant scheme shall have effect after such transfer as if his employment with STFC were a continuation of the employment in respect of which he became a relevant person.

(3)

STFC shall pay to the United Kingdom Atomic Energy Authority (in addition to any sums required to be paid in consequence of the transfer by virtue of this Order of any liability under any previous enactment relating to a relevant scheme) such sums in respect of—

(a)

any payments falling by virtue of paragraph (2) to be made by the Authority to or in respect of a person transferred to the employment of STFC; and

(b)

the accruing liability for any such payments,

as may be agreed between STFC and the Authority or as may, in default of agreement, be determined by the Treasury.

Annotations

Footnotes

f1: 1954 c.32.