Explanatory note

These Regulations amend the Water Reorganisation (Pensions etc.) Regulations 1989.

The effect of regulation 4(3), as amended, is to exclude from the liabilities that are transferred to the National Rivers Authority by regulation 4(1) liabilities relating to the payment of pensions to which members of water authorities who become directors of the authorities' successor companies or of the holding companies of those companies have become entitled at the transfer date (the date on which the water authorities' functions, property, rights and liabilities pass to either the National Rivers Authority or the authorities' successor companies). The amendment also ensures that liabilities in respect of the payment of pensions to the dependants of the members of water authorities referred to above are also excluded from the transfer of liabilities to the National Rivers Authority.

The effect of the substituted regulation 5 is, with one exception, to transfer to the company which succeeds the Thames Water Authority liabilities relating to the payment of pensions etc. to former officers and servants of the Thames Conservancy and the Lee Conservancy Catchment Board. The exception relates to the payment of pensions etc. to, or in respect of, officers and servants of the Lee Conservancy Catchment Board who become employees of the National Rivers Authority. Those liabilities are transferred to the National Rivers Authority.