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2.—(1) Subject to article 3, there shall on 2nd April 1991 vest in the LPFA all functions, rights and liabilities of the Residuary Body in connection with any of the matters specified in paragraph (2) so far as they relate to any contract of employment with the Residuary Body or with the former Greater London Council which terminated on or before 31st March 1990.
(2) The matters specified in this paragraph are–
(a)compensation under regulations made under section 24 of the Superannuation Act 1972(1);
(b)such compensation as is mentioned in section 8(1)(b) of the Pensions (Increase) Act 1971(2);
(c)gratuities or benefits payable by the Residuary Body under Parts K or L of the Local Government Superannuation Regulations 1986(3) arising in relation to an employment with the Residuary Body;
(d)the making of payments under a scheme made pursuant to section 59(3) of the 1985 Act;
(e)any redundancy payment payable under Part VI of the Employment Protection (Consolidation) Act 1978(4);
(f)increases payable under the Pensions (Increase) Act 1971 where the payment of the relevant pension falls within sub-paragraphs (a) to (d); and
(g)any proceedings or cause of action in respect of a claim for compensation for personal injury or damage to property by an employee or former employee.
(3) On 2nd April 1991 all records, monies and other personal property held or used by the Residuary Body exclusively for or in connection with any of the matters specified in paragraph (2) shall vest in the LPFA.
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