Pensions increase10
1
This regulation applies to—
a
a body specified in regulation B3(8) of the principal Regulations which has entered into an admission agreement with an administering authority;
b
a body employing persons deemed to be in employment with a scheduled body by virtue of regulation B2(4) to (4K) of the principal Regulations; and
c
a body which is a company under the control of a body described in column (1) of Part I of the Schedule 2.
2
Subject to paragraph (3), in its application to a pension (within the meaning of the Pensions (Increase) Act 19715) which has become payable to or in respect of a person in relation to service with a body to which this regulation applies, Schedule 3 to the Pensions (Increase) Act 1971 and regulation P14 of the principal Regulations shall have effect as if any reference to the last employing authority were a reference to that body.
3
Nothing in this regulation affects the provisions of regulation 2 of the Local Government Superannuation (Merseyside Transport Limited) Regulations 19926 and of the Local Government Superannuation (South Yorkshire Transport Limited) Regulations 19937 or any contractual arrangement made between a body to which this regulation applies and any other scheduled body before the date on which these Regulations come into force.