{
  "url": "https://openlegislation.uk/steel-industry-nationalisation-act-2026/section-44",
  "json_url": "https://openlegislation.uk/steel-industry-nationalisation-act-2026/section-44.json",
  "legislation": "ukpga/2026/27",
  "legislation_title": "Steel Industry (Nationalisation) Act 2026",
  "legislation_url": "https://openlegislation.uk/steel-industry-nationalisation-act-2026",
  "path": "section/44",
  "kind": "section",
  "number": "44",
  "heading": "Pensions",
  "text": "(1) Share transfer regulations or property transfer regulations may make provision—\n(a) about the consequences of a transfer for a pension scheme;\n(b) about property, rights and liabilities of any pension scheme of the steel undertaking to which the regulations relate.\n(2) In particular, such regulations may—\n(a) modify any rights and liabilities;\n(b) apportion rights and liabilities;\n(c) transfer property of, or accrued rights in, one pension scheme to another (with or without consent).\n(3) Provision by virtue of this section may (but need not) amend the terms of a pension scheme.\n(4) In this section—\n(a) “pension scheme” includes any arrangement for the payment of pensions, allowances and gratuities, and\n(b) a reference to a pension scheme of a steel undertaking is a reference to a scheme in respect of which the steel undertaking, or a group company of the steel undertaking, is or was an employer.\n(5) In subsection (4)(b), the reference to a group company of a steel undertaking is a reference to anything that is or was a group undertaking in relation to the steel undertaking within the meaning given by section 1161(5) of the Companies Act 2006.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "S. 44 in force at Royal Assent, see s. 63(1)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2026/27/section/44",
    "retrieved_at": "2026-10-29T08:41:18.563405+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}