7.—(1) With effect from 1st April 1990 the 1986 Regulations are amended—
(a)In regulation C1(2), by substituting for the words “London Residuary Body” the words “London Pensions Fund Authority”;
(b)in regulation C1(4), by substituting for the words “London Residuary Body” the words “London Pensions Fund Authority”;
(c)in regulation C1(5), by substituting for the words “London Residuary Body”, in the second place in which they occur the words “London Pensions Fund Authority”; and
(d)in regulation P1(1), by inserting after the words “district council” the words “the London Pensions Fund Authority”.
(2) The 1986 Regulations are amended—
(a)In regulation C1(1), by substituting for the words “paragraphs (2), (3) and (6)” the words “paragraphs (2), (5) and (6).”; and
(b)by adding to regulation C1(5) the following:—
“or (h) within one month and a day after ceasing to be a pensionable employee as is mentioned in sub-paragraph (e), becomes a pensionable employee of a London borough council or of the Common Council, or
(i)is a pensionable employee of the London Pensions Fund Authority.”.
(3) Part I of Schedule 2 to the 1986 Regulations is amended in Column 1 by inserting after a “higher education corporation” the words “London Pensions Fund Authority”.
(4) Without prejudice to the generality of article 6 (continuity of the exercise of functions)—
(a)any admission agreement within the meaning of the 1986 Regulations in force immediately before 1st April 1990 whereby employees of any body were, or could become, admitted employees participating in the benefits of the superannuation fund maintained under those Regulations by the Residuary Body shall be of full force and effect in favour of, or against the Authority;
(b)where a person has ceased to contribute to that fund and has not become a contributor to any other superannuation fund maintained under those Regulations, the transferred fund shall on and after 1st April 1990 be deemed to be the fund to which he was last a contributor; and
(c)on and after 1st April 1990 the Authority is to be treated as being the previous fund authority for the purposes of Part Q of those Regulations in place of the Residuary Body.
(5) With effect from 1st April 1990 paragraphs 48 and 49 of Schedule 2 to the Pensions (Increase) Act 1971(1) are amended by substituting for the words “London Residuary Body” the words “London Pensions Fund Authority”.
(6) At the end of Part II of Schedule 2 to the Pensions (Increase) Act 1971 (pensions payable out of local funds) there shall be inserted—“64C. A pension payable by the London Pensions Fund Authority.”.
(7) Any liability of the Residuary Body as the last employing authority under paragraph 1(1) of Schedule 3 to the Pensions (Increase) Act 1971 in respect of any employee whose last day of service occurs before 1st April 1990 shall become the liability of the Authority.
(8) Section 61(5) of the 1985 Act shall continue to have effect, so that no liability to reimburse the Authority in respect of any payment made by it shall attach to the Secretary of State, the Arts Council of Great Britain or the Historic Buildings and Monuments Commission for England where no liability to reimburse the Residuary Body would have attached to them if this Order had not been made.) is amended by inserting after paragraph (1) the following:—
“(m)the London Pensions Fund Authority.”.
S.I. 1971 c. 56. Paragraphs 48 and 49 of Schedule 2 were amended by the Local Government Act 1985, section 61.