The Iron and Steel (Pension Schemes) Regulations 1967

1.—(1) These regulations may be cited as the Iron and Steel (Pension Schemes) Regulations 1967 and shall come into operation on 28th July 1967.

(2) In these regulations—

“actuary” has the meaning assigned to it by regulation 5 hereof;

“the Corporation” means the National Steel Corporation;

“divided pension scheme” has the meaning assigned thereto by regulation 5 hereof;

“holding company, “officer”, “pension fund”, “pension rights”, “pension scheme”, “publicly-owned company” and “wholly owned subsidiary” have respectively the meanings assigned thereto by the Act;

“holding company's pension scheme” has the meaning assigned thereto by regulation 4 hereof;

“the Iron and Steel Board” means the Board established under Part II of the Iron and Steel Act 1953;

“the publicly-owned company's part” and “the other employer's part” have the meanings respectively assigned thereto by regulation 5 hereof;

“publicly-owned company's pension scheme” means a pension scheme of a publicly-owned company established and administered by that company for providing pensions exclusively to or in respect of persons who are or have been officers of that company, being a pension scheme referred to in regulation 3 hereof;

“the vesting date” means 28th July 1967.

(3) The Interpretation Act 1889 shall apply to the interpretation of these regulations as it applies to the interpretation of an Act of Parliament.