http://www.legislation.gov.uk/uksi/1970/1163/contents/madeThe Iron and Steel (Pension Schemes) Regulations 1970WestlawKing's Printer of Acts of Parliament2011-05-19IRON AND STEELThese regulations modify and supplement the Iron and Steel (Pension Schemes) Regulations 1967 (S.I. 1967/1082). The British Steel Corporation are empowered to establish or participate in any scheme approved by the Minister (regulation 3). New entrants may continue to be admitted to existing pension schemes of publicly-owned companies until a scheme approved by the Minister for which they are eligible comes into operation or until 28th July 1972 whichever is the earlier (regulation 4). Publicly-owned companies' schemes and the Iron and Steel Board schemes are amended so that persons transferring their services within the industry do not have to transfer to a new scheme. Both these schemes, and schemes approved by the Minister, are modified to allow employees who are appointed whole-time members of the Corporation to count their service as service for pension scheme purposes (regulation 5). The pension rights of former employees of the British Iron and Steel Federation who, on its dissolution, became employees of the Corporation are transferred to the publicly-owned companies' parts of the schemes listed in the schedule (regulation 6).The Iron and Steel (Pension Schemes) Regulations 1970Citation, commencement and interpretation1(1) These regulations may be cited as the Iron and...Modifications to the principal regulations2The principal regulations shall have effect subject to the modifications...3For regulation 2 the following regulation shall be substituted:— 2.—...4(1) In paragraph (2) of regulation 3, after the words...5The following regulation shall be added:— Modification of pension schemes...6Transfer of certain pension rightsSCHEDULEPART IThe British Iron and Steel Federation Staff Pension Fund. The...PART IIThe British Iron and Steel Federation Pension and Life Assurance...

1970 No. 1163

IRON AND STEEL

The Iron and Steel (Pension Schemes) Regulations 1970

Made3rd August 1970

Laid before Parliament12th August 1970

Coming into Operation17th August 1970

The Minister of Technology (hereinafter referred to as “the Minister”) in exercise of his powers under section 40 of the Iron and Steel Act 1949, as revived and amended by section 31 of the Iron and Steel Act 1967, and after consultation with the British Steel Corporation and such organisations as appear to him to be representative of persons concerned, hereby makes the following regulations:—

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The Minister of Technology (hereinafter referred to as “
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