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(1)This section applies to any person who at any time after the passing of this Act is in the service of—
(a)the Greater London Council or the council of a metropolitan county, metropolitan district or London borough or the Common Council; or
(b)a new authority or a residuary body,
and suffers loss of employment or loss or diminution of emoluments which is attributable to any provision made by or under this Act.
(2)Compensation in respect of any such loss or diminution suffered by a person to whom this section applies shall, subject to subsection (3) below, be paid only in accordance with regulations made for the purposes of this section under section 24 of the M1Superannuation Act 1972; and accordingly none of the councils, authorities or bodies mentioned in subsection (1) above shall pay any such compensation under any other statutory provision, by virtue of any provision in a contract or otherwise.
(3)Subsection (2) above shall not preclude the making of any payment to which a person is entitled by virtue of contractual rights acquired by him before 2nd March 1984.
(4)Regulations under the said section 24 shall not provide compensation for a person to whom this section applies in respect of any such loss or diminution as is mentioned in subsection (1) above so far as attributable to the termination on or before the abolition date of a contract made after 1st March 1984 which provides for the employment of that person for a fixed term extending beyond the abolition date.
F1(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6)F2. . . nothing in this section shall be construed as affecting any entitlement to F2. . . any payment by virtue of any provision of the M2Superannuation Act 1972 other than the said section 24.
Textual Amendments
F1S. 53(5) repealed (22.8.1996) by 1996 c. 18, ss. 242, 243, Sch. 3 Pt. I (with ss. 191-195, 202)
F2Words in s. 53(6) repealed (22.8.1996) by 1996 c. 18, ss. 242, 243, Sch. 3 Pt. I (with ss. 191-195, 202)
Modifications etc. (not altering text)
C1S. 53 amended by S.I. 1985/1884, art. 6
C2S. 53 modified by S.I. 1986/399, arts. 1, 5
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