SCHEDULE 14 The Electricity Supply Pension Scheme
Power to amend scheme
1
(1)
The Secretary of State may make regulations amending the Electricity Supply Pension Scheme (in this Schedule referred to as “the scheme”) for any of the following purposes, namely—
(a)
for enabling the following persons to participate in or acquire pension rights under the scheme on such terms and conditions as may be prescribed, namely—
(i)
members and former members of existing bodies;
(ii)
officers and former officers of the Electricity Consumers’ Council; and
(iii)
persons (other than successor companies) whose participation in the scheme will not prejudice its F1registration or approval for the purposes of the relevant enactments, and employees of such persons;
(b)
for requiring any persons (including persons not participating in the scheme) to make payments to the trustees of the scheme in such circumstances as may be prescribed;
(c)
for requiring or enabling any functions exercisable under the scheme by existing bodies to be exercisable by such persons, and in such circumstances, as may be prescribed;
(d)
for enabling the scheme to be wound up (in whole or in part) in such circumstances as may be prescribed; and
(e)
for securing that the scheme continues to be F2registered or approved for the purposes of the relevant enactments, notwithstanding the transfers made by this Act and the repeal by this Act of section 54 of the M1Electricity Act 1947.
(2)
Regulations under this paragraph may make such supplemental, consequential and transitional provision as the Secretary of State considers appropriate.
(3)
Regulations under this paragraph may be made so as to have effect from a date prior to their making, so however that so much of any regulations as provides that any provision of regulations shall have effect from a date prior to their making shall not place any person other than existing bodies or Scottish Boards, or their successor companies, in a worse position than he would have been in if the regulations had been made to have effect only from the date of their making.
(4)
Regulations under this paragraph shall not be made at any time after any supply or generating company has ceased to be wholly owned by the Crown.