The Commonwealth Telegraphs (Pension Rights of Cable and Wireless Ltd. Staff) Regulations 1950

Type Statutory-Instrument
Publication 1950-03-13
State In force
Department Westlaw
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Made: 13th March 1950

Laid before Parliament: 16th March 1950

Coming into Operation: 31st March 1950

I, the Right Honourable Ness Edwards, M.P., His Majesty's Postmaster-General, with the consent of the Treasury, by virtue of the powers vested in me by section 6 of the Commonwealth Telegraphs Act, 1949and of all other powers enabling me in this behalf, do hereby make the following Regulations, that is to say:—

1

Other expressions have the same meanings as they have in the Act.

2

These Regulations apply:—

3

The subsequent provisions of these Regulations shall be terms of each of the existing pension schemes, and notwithstanding anything to the contrary therein contained every such scheme and any statutory provisions relating thereto and all trust deeds, rules, and other instruments made for the purposes thereof shall take effect accordingly.

4

5

Any obligation of the Company to make contributions to any of the existing pension schemes in respect of a person to whom these Regulations apply shall cease on the date of transfer, and the trustees or other the persons administering the existing pension schemes shall accept in lieu thereof contributions made by the new employer.

6

If arrangements are made between a new employer and any person to whom these Regulations apply or any staff association acting on his behalf, whereby

Signed

Ness Edwards — His Majesty's Postmaster General — Dated this 13th day of March, 1950

We hereby consent to the Regulations herein set forth.

Wm. Hannan — R. J. Taylor — Two of the Commissioners of His Majesty's Treasury

Explanatory note

EXPLANATORY NOTE

These Regulations make provision whereby employees of Cable and Wireless Limited who transfer to the Post Office, to any other Commonwealth National Body, or to Cable and Wireless (Holding) Limited, may, where the terms of their transfer so provide, remain members of their present pension schemes.

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