The Local Government Superannuation (Merseyside Transport Limited) Regulations 1992

• Citation: S.I. 1992/3229
• Sections: 5

Section 1 Citation, commencement and interpretation

(1) These Regulations may be cited as the Local Government Superannuation (Merseyside Transport Limited) Regulations 1992 and shall come into force on 8th January 1993, but regulation 2 shall have effect from 1st April 1990.

(2) In these Regulations—

“the 1971 Act ” means the Pensions (Increase) Act 1971 ;

“ the Company ” means Merseyside Transport Limited;

“ the Council ” means Wirral Borough Council;

“ the Executive ” means Merseyside Passenger Transport Executive;

“ the Fund ” means the superannuation fund maintained by the Council;

“the principal Regulations ” means the Local Government Superannuation Regula tions 1986 .

(3) In these Regulations, unless the context otherwise requires, any expression which is also used in the principal Regulations has the same meaning as in those Regulations.

Section 2 Pensions increase

(1) In its application to a pension (within the meaning of the 1971 Act) which has become payable to or in respect of a person in relation to service ending with service which was with the Company, Schedule 3 to the 1971 Act and regulation P14 of the principal Regulations shall have effect as if any reference to the last employing authority were a reference to the Company.

(2) Regulation 4 of the Pensions Increase (Local Authorities' etc. Pensions) Regulations 1974 shall cease to have effect in the case of a pension which is payable in respect of service ending with service which was with the Company.

Section 3 Amendment of actuary’s certificate

(1) The Council shall as soon as reasonably practicable obtain from the Fund’s actuary a certificate specifying an individual adjustment of the common rate of employer’s contributions in the case of the Executive for the year beginning with 1st April 1992 (“the new certificate”).

(2) The actuary, in specifying an individual adjustment of the common rate of employer’s contributions for the purposes of the new certificate,—

(a) shall have regard to the provisions of the principal Regulations and regulation 2 of these Regulations;

(b) shall not take into account the cost of any increase of a pension under the 1971 Act in relation to any person whose service ends with service with the Company after 31st March 1990; and

(c) shall treat any contributions paid by the Executive to the Fund as not having been paid in respect of any such cost.

(3) The Council shall, upon receiving the new certificate, send a copy of it to the Secretary of State and to the Executive.

(4) The certificate under regulation P6 obtained by the Council in respect of the period of 3 years beginning with 1st April 1990 (“the old certificate”) shall have effect in the case of the Executive for the last year of that period as if the common rate of employer’s contribution specified in the old certificate were increased or reduced, as the case may be, by the amount of the individual adjustment specified in the new certificate.

Section 4 Contributions to the Fund by the Executive

The Executive, in the year beginning with 1st April 1993 and in any subsequent year,—

(a) shall pay to the Fund contributions in relation to any person whose service ended with service with the Company in the period beginning with 26th October 1986 and ending with 31st March 1990, in respect of the cost of that part of any increase of that person’s pension under the 1971 Act which is attributable to that person’s service with the Executive before 26th October 1986;

(b) shall not pay to the Fund contributions in respect of the cost of any increase of a pension under the 1971 Act in relation to any person whose service ends with service with the Company after 31st March 1990; and

(c) shall be treated by the Fund’s actuary as if any contributions previously paid by the Executive were not contributions such as are mentioned in paragraph (b) above.

Section 5 Contributions to the Fund by the Company

The Company shall pay to the Fund in the year beginning with 1st April 1993 and in any subsequent year contributions in respect of—

(a) in relation to any person whose service ends with service with the Company after 31st March 1990, the cost of any increase of a pension under the 1971 Act; and

(b) in relation to any person whose service ended with service with the Company in the period beginning with 26th October 1986 and ending with 31st March 1990, the cost of that part of any increase of that person’s pension under the 1971 Act which is attributable to that person’s service with the Company during that period.