PART QINTERFUND ADJUSTMENTS

Greater London Council housing staff transfersQ4

1

The superannuation fund of the Greater London Council shall be apportioned in relation to persons transferred by or under the Greater London Council Housing (Staff Transfer and Protection) Order 197983 after 30th June 1985 who on 1st April 1986 are still employed by the authorities to which they were transferred.

2

Schedule 19 shall apply to the apportionment subject to the following modifications—

a

“new fund authority” means, in relation to a person transferred, the appropriate administering authority on 1st April 1986;

b

“previous employing authority” means, in relation to a person transferred, the Greater London Council;

c

“previous fund authority” means, in relation to a person transferred, the Greater London Council; and

d

any liability of the Greater London Council under that Schedule shall be satisfied by a cash payment from their fund.

3

Regulation Q2 shall not apply in relation to transfers to which this regulation applies.