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The Franchising Schemes and Enhanced Partnership Schemes (Pension Protection) (England) Regulations 2017
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Statutory Instruments
2017 No. 1093
Public Passenger Transport, England
The Franchising Schemes and Enhanced Partnership Schemes (Pension Protection) (England) Regulations 2017
Made
20th November 2017
Laid before Parliament
27th November 2017
Coming into force
19th December 2017
The Secretary of State makes the following Regulations in exercise of the powers conferred by sections 123X(6) and (7)(e) and 138S(6) and (7)(e) of the Transport Act 2000(1).
The making of these Regulations fulfils the obligations imposed on the Secretary of State by sections 123X(9) and 138S(9) of the Transport Act 2000(2):
(1)
2000 c.38. Sections 123X and 138S were inserted into the Transport Act 2000 by sections 4 and 9 respectively of the Bus Services Act 2017 (c.21).
(2)
These provisions require the Secretary of State to make regulations to ensure that pension protection is secured for transferring original employees (as defined in section 123X(10) and 138S(10) of the Transport Act 2000), and that such employees have the right to acquire pension benefits from the new employer which are the same, broadly comparable to, or better than those which they had with the original employer.
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