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The Local Government Superannuation (National Rivers Authority) Regulations 1993

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Amalgamation of Funds

3.—(1) All assets, rights and liabilities of the National Rivers Authority in respect of the new second fund shall be transferred to the new main fund.

(2) Any liability of any body or person to make payments into the new second fund shall become a liability to make payments into the new main fund.

(3) All contracts, deeds, bonds, agreements and other instruments subsisting in favour of, or against, and all notices in force which were given by or to the National Rivers Authority or any other body on their behalf for the purposes of the new second fund shall be of full force and effect in favour of, or against, the National Rivers Authority for the purposes of the new main fund.

(4) Any action or proceeding or cause of action or proceeding pending or existing immediately before 31st March 1993 by or against the National Rivers Authority in respect of the new second fund shall be of full force and effect in favour of, or against, the National Rivers Authority in respect of the new main fund.

(5) Where the National Rivers Authority would have become liable, or would have been empowered, on the happening of any event, to make a payment out of the new second fund or to take any other action as administering authority in respect of any person who has ceased to participate in the benefits of that fund before 31st March 1993, then on the happening of any such event such payment or action shall, or as the case may be, may be made out of the new main fund or taken by the National Rivers Authority.

(6) Where a person has ceased to contribute to the new second fund before1st September 1989 and has not become a contributor to any other superannuation fund maintained under the principal Regulations, the new main fund shall after 30th March 1993 be deemed to be the fund to which he was last a contributor.

(7) All legal proceedings pending on 31st March 1993 may be amended in such manner as may be necessary or proper in consequence of these Regulations.

(8) Any expenses incurred by the National Rivers Authority in respect of the new second fund in consequence of these Regulations shall be paid out of the new main fund.

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