These regulations make provision in connection principally with the abolition on 1st April 1986, by the Local Government Act 1985, of the Greater London Council and the metropolitan county councils, and the formation, under the Transport Act 1985, of public transport companies.

Regulation 2 makes transitional, incidental and consequential provision as to agreements and other matters related to the superannuation funds of the abolished councils. Regulation 3 makes transitional provision for the continuance, as functions of the appropriate residuary body, of superannuation functions which were, or would have become, exercisable by an abolished council by virtue of employment relationships, and for the body in whom an abolished council's fund is vested to be treated as the previous fund authority for certain inter-fund adjustments. Regulations 6(a), 7, 9, 11, 12, 13(a) and 14 make necessary amendments to the Local Government Superannuation Regulations 1986 (“the principal regulations”) in connection with the abolition of the councils and the transfer of their superannuation funds and certain of their functions.

Regulation 4 is a transitory provision enabling a passenger transport executive or district council to resolve that former employees who have become employees of a public transport company formed by them are to be deemed for the purposes of the principal regulations still to be employed by them. Regulation 6(b) and (c) makes related amendments to the principal regulations which secure that the employees remain pensionable employees while employed by, or by a subsidiary of, that or another public transport company. Regulations 5 and 13(b) make consequential amendments.

Regulations 8 and 10 clarify the application of the principal regulations to the discontinuance or compounding of certain payments for added years commenced under the regulations revoked by the principal regulations. They are (as expressly authorised by section 12 of the Superannuation Act 1972) retrospective to the commencement of the principal regulations, but do not adversely affect rights in relation to ex-employees.