Local Government pension fund
5.—(1) The Local Government Pension Scheme Regulations 2013(1) are amended in accordance with paragraphs (2), (3) and (4).
(2) In regulation 64 (special circumstances where revised actuarial valuations and certificates must be obtained) after paragraph (12) insert—
“(13) Where the exiting employers are Northamptonshire County Council, Corby Borough Council, Daventry District Council, East Northamptonshire District Council, Kettering Borough Council, Northampton Borough Council, South Northamptonshire District Council and Wellingborough Borough Council—
(a)the assets and liabilities of the fund in respect of benefits due to or in respect of current or former employees (or those of any predecessor authority) of the exiting employers shall be allocated between North Northamptonshire Council and West Northamptonshire Council in proportions to be determined by West Northamptonshire Council, and
(b)paragraph (14) applies.
(14) No exit payment or exit credit is due under paragraph (1) and paragraph (2) does not apply.
(15) In determining the proportions for the purposes of paragraph (13)(a) West Northamptonshire Council must seek advice from an actuary and consult with North Northamptonshire Council.”
(3) In Part 1 of Schedule 3 (pension funds) in paragraph 1 at the end add—
“(zc)West Northamptonshire Council.”.
(4) In the table after paragraph 4 in Part 2 of Schedule 3 at the end add—
| “An employee of North Northamptonshire Council | West Northamptonshire Council” |