Coal Industry Act 1967

4 Reimbursement of contributions to early retirement benefits. E+W+S

(1) The Minister may, out of moneys provided by Parliament, make payments to the [F1 British Coal Corporation]reimbursing the [F2 Corporation]the amount determined in accordance with subsection (2) below of any contributions in respect of any increase in the cost of retirement benefits paid before normal retiring age to or in respect of persons who have at any time been eligible to receive payments under a scheme under section 3 above [F3 or section 7 of the M1 Coal Industry Act 1977].

(2) The amount of any payments under this section shall be determined in such manner as may be agreed between the Minister and the [F2 Corporation]with the approval of [F4 the Minister for the Civil Service]and shall be certified by the [F2 Corporation’]auditors.

(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F5

(4) In this section “contributions” means payments by way of contributions to superannuation funds maintained by virtue of section 37 of the M2 Coal Industry Nationalisation Act 1946.

Textual Amendments

F1 Words substituted by Coal Industry Act 1987 (c. 3, SIF 86), s. 1(1)(2), Sch. 1 para. 16(a)

F2 Words substituted by Coal Industry Act 1987 (c. 3, SIF 86), s. 1(1)(2), Sch. 1 para. 16(b)

F3 Words inserted by Coal Industry Act 1977 (c. 39), Sch. 4 para. 2

F4 Words substituted by virtue of S.I. 1968/1656, arts. 2(1)(d), 3(2)

F5 S. 4(3) repealed with saving for grants under Coal Industry Act 1971 (c. 16), s. 1 in respect of Board's financial year ending in March 1978 or in any earlier year by Coal Industry Act 1977 (c. 39), Sch. 5 Pt. I

Marginal Citations

M1 1977 c. 39.

M2 1946 c. 59.