The Local Government Superannuation (Funds etc.) Regulations 1990

Pensions increase

3.—(1) The principal Regulations are amended by substituting for regulation P14 the following:

“Pensions increase

P14.— (1) In this regulation—

“the 1971 Act” means the Pensions (Increase) Act 1971(1),

“the 1974 Act” means the Pensions (Increase) Act 1974(2),

“the Schedule” means Schedule 3 to the 1971 Act,

“the last employing authority” has the same meaning as in paragraph 1(2) of the Schedule.

(2) Where a pension (within the meaning of the 1971 Act) has become payable out of a superannuation fund maintained under these Regulations—

(a) any increase of the pension under the 1971 Act or the 1974 Act shall be paid out of that superannuation fund;

(b) where the last employing authority is a body which is required by regulation P7(3) to contribute to that superannuation fund or is a Water Act Company, the Schedule shall cease to have effect in relation to any such increase payable on or after 1st April 1990; and

(c) where the last employing authority is not such a body or company, the Schedule shall continue to have effect in relation to any such increase.

(3) Where in relation to any such pension the last employing authority is a Water Act Company, the cost of any increase of the pension under the 1971 Act or the 1974 Act payable on or after 1st April 1990 shall be reimbursed to the appropriate administering authority by the National Rivers Authority out of the new main fund referred to in regulation 2(1)(b) of the Local Government Superannuation (Water) Regulations 1989.

(4) An administering authority shall carry and credit to their superannuation fund the amounts paid to them under paragraph (3) above or under the Schedule.”.

(2) The Schedule to the Local Government Superannuation (Water) Regulations 1989 is amended by deleting paragraph 6.

(1)

1971 c. 56.

(2)

1974 c. 9.

(3)

Regulation P7 was amended by S.I. 1989/372, regulation 5(3).