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Transport (Amendment) Act (Northern Ireland) 1971

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3Power to amend Ulster Transport Authority (Male Wages Grades) Pension Scheme.N.I.

(1)The Ministry, with the approval of the Ministry of FinanceF1, may make regulations, subject to affirmative resolution, amending the provisions of the Ulster Transport Authority (Male Wages Grades) Pension Scheme established by the Authority on 30th December 1963 and, as from the date or dates on which any such regulations come into force, the Scheme shall have effect subject to the amendments made by the regulations.

(2)Regulations shall be made under subsection (1) only in accordance with an application for amendment of the Scheme made on behalf of the members of the Scheme and where the Ministry and the Ministry of FinanceF1 are satisfied that, if the amendments were not made, the members of the Scheme would be unable to retain accrued rights to pensions which, if they had been members of the Ulster Transport Authority Salaried Staff Superannuation Scheme, they would have been entitled to retain under that Scheme.

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F1SR 1976/281

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