SCHEDULES
SCHEDULE 8Pensions
Part 3Public sector transfers of UKAEA pension scheme members
Exercise of powers of Secretary of State
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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.