The Local Government Pension Scheme (Local Government Reorganisation in Wales) Regulations 1995

Transferred funds

2.—(1) On 1st April 1996 all the functions of a previous fund authority as administering authority under the principal Regulations then in force shall become functions of the successor authority and the pension fund maintained by the previous fund authority, together with all rights and liabilities in respect of it, shall on that date vest in the successor authority.

(2) Subject to regulation 3(4), any liability of any body or person to make payments into a pension fund maintained immediately before 1st April 1996 by a previous fund authority shall become a liability to make payments into the pension fund maintained by the successor authority.

(3) All contracts, deeds, bonds, agreements and other instruments subsisting in favour of, or against, and all notices in force which were given by or to a previous fund authority (or any other body on their behalf) for the purposes of the pension fund maintained by them shall after 31st March 1996 be of force in favour of, or against, the successor authority.

(4) Without prejudice to the generality of paragraph (3), any admission agreement in force immediately before 1st April 1996 between a body and a previous fund authority whereby employees of that body were, or could be, admitted to participate in the benefits of a pension fund shall after 31st March 1996, have effect as an agreement under regulation B7 of the principal Regulations between the body and the successor authority.

(5) Any action or proceeding pending or existing before 1st April 1996 by or against a previous fund authority in respect of the pension fund maintained by them shall after 31st March 1996 be of force in favour of, or against, the successor authority.

(6) Where the previous fund authority would have become liable, or would have been empowered, on the happening of an event, to make a payment out of the pension fund maintained by them or to take any other action as administering authority in respect of any person who has ceased to participate in the benefits of that fund before 1st April 1996, then, on the happening of that event, such payment shall or, as the case may be, may be made out of the pension fund maintained by the successor authority or such action shall or, as the case may be, may be taken by the successor authority.

(7) Where a person—

(a) has ceased to contribute to a pension fund before 1st April 1996; and

(b) has not become a contributor to any other fund maintained under the principal Regulations,

the pension fund maintained by the successor authority for the previous fund authority who maintained that fund until 31st March 1996 shall after that date be deemed to be the fund to which he was last a contributor.

(8) For the purposes of regulation K20 of the principal Regulations (change of local government employment and fund authority), where the previous fund authority who maintained the appropriate pension fund in relation to the person who has ceased to be employed in local government employment has ceased to exist, the successor authority is to be treated as the previous fund authority.