The Air Corporations (General Staff, Pilots and Officers Pensions) (Amendment) Regulations 1970

• Citation: S.I. 1970/768
• Sections: 4

Section 1

(1) These Regulations shall come into operation on 1st June 1970 and may be cited as the Air Corporations (General Staff, Pilots and Officers Pensions) (Amendment) Regulations 1970.

(2) These Regulations—

(a) shall be construed as one with the Air Corporations (General Staff Pensions) Regulations 1948 ;

(b) may be cited together with the Air Corporations (Pensions) Regulations 1948 to 1969 as the Air Corporations (Pensions) Regulations 1948 to 1970.

(3) The Interpretation Act 1889 shall apply for the purpose of the interpretation of these Regulations as it applies for the purpose of the interpretation of an Act of Parliament.

Section 2

(1) The Joint Pension Scheme established and maintained by virtue of the Air Corporations (Pensions) Regulations 1948 to 1969 shall be in accordance with the provisions of the Trust Deed and Amending Deeds, copies of which are set out in the Schedules to those Regulations as further amended by a Deed dated 10th March 1970 a copy of which is set out in the Schedule to these Regulations.

(2) The said Deed dated 10th March 1970 is accordingly confirmed and shall come into operation on 1st June 1970.

Section 3

BEA Airtours Limited (being a subsidiary of the British European Airways Corporation) whose employees are admitted to the Scheme by virtue of the said Deed dated 10th March 1970, and each of their employees who is a member of the Scheme shall, for the purpose of providing funds from which benefits under the said Scheme may be paid, pay contributions in accordance with the provisions of the said Trust Deeds.

Section 4

Contributions and benefits shall be paid in respect of the service of such an employee with BEA Airtours Limited before the coming into force of these Regulations in accordance with the provisions of the said Trust Deeds.