SCHEDULE 8Pensions
Part 3Public sector transfers of UKAEA pension scheme members
Exercise of powers of Secretary of State
7
(1)
A direction under paragraph 5 or 6 may require the UKAEA to make such supplemental, consequential and transitional provision modifying a UKAEA pension scheme as the Secretary of State considers appropriate.
(2)
Before giving a direction under paragraph 5 or 6, the Secretary of State must consult—
(a)
the UKAEA;
(b)
the Treasury; and
(c)
such persons as appear to him to represent the employees, or directors or other officers, likely to be affected by the direction.
(3)
The power to give a direction under paragraph 5 affecting persons who become employees, or directors or other officers, of a publicly controlled company is not exercisable after the company has ceased to be a publicly controlled company.
(4)
The provisions of paragraphs 5 and 6—
(a)
are in addition to the powers of the Secretary of State to give directions to the UKAEA under paragraph 13 of this Schedule, paragraph 7 of Schedule 10 to this Act or section 3 of the Atomic Energy Authority Act 1954 (c. 32); and
(b)
are to be disregarded in construing those powers.