§ .—(1) Section 1 of the Superannuation Act 1972 (persons to or in respect of whom benefits may be provided by schemes under that section) shall apply to persons falling within subsection (2).
§ (2) This subsection applies to a person if—
- (a) he has rights and obligations as a pensioner or deferred pensioner under a salary related occupational pension scheme, and
- (b) the rights and obligations arose by virtue of his or another person's employment with any of the employers specified in subsection (3).
§ (3) The employers are—
- (a) a person with whom the Secretary of State or the National Assembly for Wales has made arrangements under section 2 of the Employment and Training Act 1973 and who is specified in an order made by the Secretary of State or is of a description so specified;
- (b) a company which is a subsidiary of a person falling within paragraph (a) and which is specified in an order made by the Secretary of State or is of a description so specified.
§ (4) A scheme under section 1 of the Superannuation Act 1972 (a new scheme) may not be made in relation to the persons falling within subsection (2) unless—
- (a) the trustees of the occupational scheme consent in writing to the new scheme being made,
- (b) the rights of the persons under the new scheme are no less generous than their rights as they existed under the occupational scheme, and
- (c) the obligations of the persons under the new scheme are no more onerous than their obligations as they existed under the occupational scheme.")
§ 167 After Clause 112, insert the following new clause—