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Energy Act 2004
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- UK Public General Acts
- 2004 c. 20
- SCHEDULE 8
- Part 3
- Transfer of funds from...
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Changes over time for: Cross Heading: Transfer of funds from UKAEA pension scheme
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- 05/10/2004- Amendment
- 31/03/2022
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Energy Act 2004, Cross Heading: Transfer of funds from UKAEA pension scheme is up to date with all changes known to be in force on or before 01 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Transfer of funds from UKAEA pension schemeU.K.
6(1)The Secretary of State may direct the UKAEA to make such modifications of a UKAEA pension scheme as may be specified in the direction for the purpose of requiring or enabling the transfer of funds and liabilities arising under the scheme in a case falling within sub-paragraph (2).U.K.
(2)That case is where a person ceases to be a participant in the scheme in consequence of—
(a)a transfer of his employment in accordance with a nuclear transfer scheme or transfer arrangements; or
(b)a transfer, in accordance with such a scheme or such arrangements, of securities of, or voting rights in, a company by which he is employed or a company of which such a company is a subsidiary.
(3)A direction by the Secretary of State under this paragraph may prescribe—
(a)the method of determining what is to be transferred; and
(b)the assumptions to be used in making that determination.
Commencement Information
I1Sch. 8 para. 6 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1
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