The Local Government Superannuation (Scotland) Amendment Regulations 1990

Change of local government employment and fund authority

34.  In regulation Q2 of the principal Regulations–

(a) in paragraph (1), for the words “Part I”, there shall be substituted “Part III”;

(b) after paragraph (1)(c) there shall be added the following:–

“(d) no direction has been made at any time in relation to his reckonable service in his previous local government employment under regulation M1, regulation L12 of the 1974 Regulations, or any corresponding provision of any earlier enactment,”;

(c) for paragraph (2) there shall be substituted the following:–

“(2) Subject to paragraphs (3), (4) and (5), if the change of employment occurs as a result of an Order or Regulations made under the Local Government (Scotland) Act 1973(1) in accordance with section 216 of that Act and the number of persons changing superannuation funds is more than 9 but less than 100, the transfer values payable under paragraph (1) shall be calculated as if they were payable under Part I of Schedule 16.

(3) An adjustment shall be made to the total sum payable under paragraph (2) if the assets of the fund of the previous fund authority, immediately before any change of employment occurs, are not adequate, or are more than adequate, to meet the accrued actuarial liabilities.”;

(d) in paragraph (5) for “(2)” there shall be substituted “(3)”.

(1)

1973 c. 65; section 216 was amended by the Local Government and Planning (Scotland) Act 1982 (c. 43), Schedule 4, Part I.