The Local Government (Superannuation and Compensation for Redundancy or Premature Retirement) (Scotland) Amendment Regulations 1995

Superannuation Funds

5.—(1) Regulation P1 of the principal Regulations shall be amended—

(a) by substituting for paragraph (1) the following:—

“(1) The superannuation fund, other than any further fund established under the Local Government Superannuation (Funds) (Scotland) Regulations 1986(1), or under paragraph (3) of this regulation, maintained by each of the old administering authorities specified in column 1 of Part 2 of Schedule 3A shall, subject to the provisions of regulation T4, from 1st April 1996 be maintained for the purposes of these Regulations by the new administering authority specified in column 2 of Part 2 of Schedule 3A opposite the name of the relevant old administering authority and for the purposes of regulations P2, P3, P4 and P10 shall be known as “the fund”.”;

(b) in paragraph (2) by substituting for the words which appear after the figure “1986” to the end of the paragraph the following:—

• “, or under paragraph (3) of this regulation, by an old administering authority specified in column 1 of Part 2 of Schedule 3A which is immediately before 1st April 1996 maintained by such an old administering authority for the purposes of these Regulations shall, subject to regulations P4 and T4, from 1st April 1996 be maintained for the purposes of these Regulations by the new administering authority specified in column 2 of Part 2 of Schedule 3A opposite the name of the relevant old administering authority.”; and

(c) in paragraph (3) by substituting for the words “regional council and islands council” the words “local authority”.

(2) Paragraph (10) of regulation P6 of the principal Regulations shall be amended by omitting the definition of the term “local authority”.

(3) Regulation P8 of the principal Regulations shall be amended—

(a) by inserting at the beginning of paragraph (1) the words “Subject to paragraph (1A),”; and

(b) by inserting after paragraph (1) a new paragraph as follows:—

“(1A) An administering authority may, if it thinks fit, obtain a valuation as at 31st March in the year 1995 instead of 1996, in which event a further valuation shall be obtained as at 31st March in the year 1997 or 1998 and in the year 1999.”.

(1)

S.I. 1986/1449; revoked by S.I. 1987/1850.