The Local Government Superannuation (Greater Manchester Buses Limited) Regulations 1994

Type Statutory-Instrument
Publication 1994-03-25
State In force
Department Queen's Printer of Acts of Parliament
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Made: 25th March 1994

Laid before Parliament: 28th March 1994

Coming into force: 29th March 1994

The Secretary of State, in exercise of the powers conferred on him by sections 7 and 12 of the Superannuation Act 1972[^f00001] and of all other powers enabling him in that behalf, after consultation with such associations of local authorities as appeared to him to be concerned, the local authorities with whom consultation appeared to him to be desirable and such representatives of other persons likely to be affected by the Regulations as appeared to him to be appropriate, hereby makes the following Regulations:—

Citation, commencement and interpretation

1

Pensions increase

2

Liability of Greater Manchester Passenger Transport Executive

3

The Executive shall pay to the fund administered under the principal Regulations by Tameside Borough Council such amounts as shall at any time be required to meet the liabilities created by the principal Regulations or by or under the 1971 Act in respect of persons whose service ends with service with the Bus Company.

Preservation of membership of scheme

4

Nothwithstanding regulation 2(3) of the Local Government Superannuation (Membership) Regulations 1993[^f00005] the admission agreement which Tameside Borough Council has entered into under regulation B3 of the principal Regulations with the South Company on 10th December 1993 shall continue to be treated for the purposes of the principal Regulations as an admission agreement for those employees who are admitted employees by virtue thereof immediately before the coming into force of these Regulations.

Termination of membership of scheme

5

Notwithstanding anything to the contrary in the admission agreement referred to in regulation 4 above, that agreement shall not be terminated by the South Company except by the majority of admitted employees for the time being of that company, voting by ballot in favour of such termination not later than 3 months before that termination.

Signed

Signed by authority of the Secretary of State

David Curry — Minister of State, — Department of the Environment — 25th March 1994

Explanatory note

(This note is not part of these Regulations)

The Regulations provide that the Greater Manchester Passenger Transport Executive will meet the liability of the pensions increases for employees whose service ended with Greater Manchester Buses Limited. Greater Manchester Buses North Limited and Greater Manchester Buses South Limited are to meet the liability of the pensions increases for employees whose service ends with either of them (regulation 2). The funding of this liability is provided for by regulations 2 and 3. Regulation 2 is by virtue of section 12 of the Superannuation Act 1972 retrospective to 13th December 1993, the date on which certain employees transferred to the two new companies.

Employees of Greater Manchester Buses South Limited who are members of the Local Government Superannuation Scheme on the coming into force of these Regulations may continue as members by virtue of an admission agreement between their employers and the scheme administering authority notwithstanding the Local Government Superannuation (Membership) Regulations 1993 under which they otherwise would have had to leave the scheme on the sale to the private sector of that bus company (regulation 4). Provision is made that this arrangement may only be terminated on 3 months' notice by the agreement of a majority of the company’s employees who are in the scheme (regulation 5).

Footnotes

[^f00001]: 1972 c. 11; section 12 was amended by section 10 of the Pensions (Miscellaneous Provisions) Act 1990 (c. 7).

[^f00002]: 1971 c. 56.

[^f00003]: S.I. 1986/24: relevant amending instruments are S.I. 1987/293, 1989/372, 1990/503, 1992/3229, 1993/3043.

[^f00004]: S.I. 1974/1740, amended by S.I. 1983/1315, 1986/391, and 1992/3229.

[^f00005]: S.I. 1993/3043.

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