Part I Air traffic
Chapter VI Miscellaneous and general
Miscellaneous
I196 Civil Aviation Authority Pension Scheme.
1
The Secretary of State may by order make provision for the allocation of assets, rights, liabilities or obligations between different sections of the Civil Aviation Authority Pension Scheme.
2
An order under this section may include provision for or in connection with—
a
securing that the Scheme continues to be approved for the purposes of the relevant enactments;
b
the amendment of the Scheme;
c
the manner in which questions arising under the order are to be determined.
3
The reference in subsection (2) to the amendment of the Scheme includes a reference to the amendment of—
a
the trust deed of the Scheme;
b
the rules of the Scheme;
c
any other instrument relating to the constitution, management or operation of the Scheme.
4
An order under this section may be made so as to have effect from a date falling before the making of the order.
5
In making an order under this section the Secretary of State must secure that each person falling within subsection (6) is overall in materially at least as good a position, as respects pension arrangements, as a result of the order.
6
A person falls within this subsection if—
a
he is or has at any time been a contributing member of the Scheme, or
b
he is or may become entitled to benefits in respect of a person falling within paragraph (a).
7
A contributing member of the Scheme is a member who makes, and whose employer makes in respect of him, contributions under the Scheme.
8
The relevant enactments are—
a
Chapter I of Part XIV of the M1Income and Corporation Taxes Act 1988 (retirement benefit schemes);
b
Part III of the M2Pension Schemes Act 1993, so far as relating to occupational pension schemes.