Transfer of funds from UKAEA pension schemeU.K.
6(1)The Secretary of State may direct the UKAEA to make such modifications of a UKAEA pension scheme as may be specified in the direction for the purpose of requiring or enabling the transfer of funds and liabilities arising under the scheme in a case falling within sub-paragraph (2).U.K.
(2)That case is where a person ceases to be a participant in the scheme in consequence of—
(a)a transfer of his employment in accordance with a nuclear transfer scheme or transfer arrangements; or
(b)a transfer, in accordance with such a scheme or such arrangements, of securities of, or voting rights in, a company by which he is employed or a company of which such a company is a subsidiary.
(3)A direction by the Secretary of State under this paragraph may prescribe—
(a)the method of determining what is to be transferred; and
(b)the assumptions to be used in making that determination.
Commencement Information
I1Sch. 8 para. 6 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1