SCHEDULES
C1SCHEDULE 8Pensions
Part 4Other transfers
Modification of NDA schemes
I112
1
The Secretary of State shall have power by direction to make such modifications of an NDA pension scheme as he considers appropriate for the purpose of securing—
a
in relation to any proposed transfer, or
b
in relation to transfers that he considers may occur,
that the scheme will be an appropriate pension scheme for the purposes of paragraph 10 or 11.
2
The NDA shall also have power by direction to make such modifications of an NDA pension scheme as it considers appropriate for the purpose of securing—
a
in relation to any proposed transfer, or
b
in relation to transfers that it considers may occur,
that the scheme will be an appropriate pension scheme for the purposes of paragraph 10 or 11.
3
Before making a modification under this paragraph the Secretary of State must consult—
a
the NDA; and
b
such persons as appear to him to represent the employees likely to be affected by the modification.
4
Before making a modification under this paragraph the NDA must—
a
consult such persons as appear to it to represent the employees likely to be affected by the modification; and
b
obtain the consent of the Secretary of State to the modification.
Sch. 8: power to amend conferred (26.10.2023) by Energy Act 2023 (c. 52), ss. 315, 334(2)(o)