SCHEDULES

SCHEDULE 3E+WTransfer schemes

Modification of a scheme by agreementE+W

8(1)Where the transferor and transferee under a scheme that has come into force so agree, the scheme is to be treated for all purposes as having come into force with such modifications as may be agreed.E+W

(2)An agreement under this paragraph which relates to rights and liabilities under a contract of employment may be entered into only if the employee is a party to the agreement.

(3)An agreement under this paragraph that adversely affects the property or rights of a person other than the transferor, the transferee or such an employee may be entered into only if that person is a party to the agreement.

(4)An agreement under this paragraph may include—

(a)any provision that could have been contained in the scheme;

(b)incidental, supplemental, consequential and transitional provision in connection with any such provision.

Commencement Information

I1Sch. 3 para. 8 in force at 5.3.2015 by S.I. 2015/481, reg. 2(a)