Article 4 Compensation and superannuation matters

All the functions of the Residuary Body in relation to any contract of employment with the abolished council or a contract of employment with the Residuary Body terminating on or before the transfer date and all rights and liabilities of that Body which arise from any such contract shall on the transfer date become functions of, or vest in, the Pensions Authority.

Without prejudice to the generality of paragraph (1) the functions of the Residuary Body conferred by regulation 3(1) of the Local Government Superannuation (Miscellaneous Provisions) Regulations 1986^f1 shall vest in the Pensions Authority.

All the functions of the Residuary Body under the Pensions (Increase) Act 1971^f2 and any matter relating to the making of payments under the Local Government Reorganisation (Reduction of Redundancy Payment Cases) Scheme 1986^f3 shall on the transfer date become functions of, or transfer to, the Pensions Authority.

Regulation 3(3) of the Regulations mentioned in paragraph (2) above shall apply to the exercise by the Pensions Authority of any discretionary function transferred by paragraph (1) as if references to the appropriate residuary body were references to that Authority.

Article 6(3) of the Local Government Reorganisation (Pensions etc.) (South Yorkshire) Order 1987^f4 (“the Pensions Order”) shall have effect as if, after the words “this Order”, there were inserted the words “or the South Yorkshire Residuary Body (Winding Up) Order 1989”.

Article 4 of the Pensions Order applies in relation to the net expenditure of the Pensions Authority attributable to the transfer by this article and articles 6(1)(a) and 10(2)(a) of functions, rights and liabilities as it applies to the Authority’s other net expenditure.