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Pension Schemes Act 1993

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This is the original version (as it was originally enacted).

143Winding up of public service schemes

(1)Nothing in section 142 applies to public service pension schemes but, subject to the provisions of this section, the appropriate authority shall, in relation to such a scheme, have power to make such provision for the winding up of the scheme as could be made by an order of the Board under subsection (1) of that section in the case of a scheme other than a public service pension scheme.

(2)The powers of the appropriate authority under this section shall be exercisable by means of an order directing that the scheme be wound up and including directions with respect to the manner and timing of the winding up.

(3)Subsections (2) and (4) of section 141 apply to an order under this section as they apply to an order under subsection (1) of that section.

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