In this Act—

• “the Authority” means the Ulster Transport Authority;

• “compensation” means compensation (being compensation in respect of loss of employment with the Authority or loss or diminution of emoluments or pension rights in respect of such employment) the right to which was acquired by former employees of the Authority who were in the employment of the Authority on 13th February 1964 and whose employment with the Authority terminated between that date and 31st March 1968;

• “former employees of the Authority” means employees of the Authority whose employment with the Authority terminated before 1st April 1968;

• “the Holding Company” means the Northern Ireland Transport Holding Company;

• “the Ministry” means the Ministry of DevelopmentF1;

• “pensions” means pensions the right to which was acquired by former employees of the Authority under one or more of the Schemes and Funds specified in the Schedule and pensions payable to such employees under arrangements made by the Authority with those employees and includes increases in those pensions being increases corresponding to increases made by the Pensions (Increase) Acts (Northern Ireland) 1920 to 1969 and any subsequent enactment passed for purposes similar to the purposes of those Acts.