Schedule 9: Independent System Operator and Planner: transfers Schedule 13: Governance of gas and electricity industry codes: pensions Introductory
This paragraph sets out the power for the GEMA to create transfer schemes that will allow it to move employees from an existing organization, such as a code administrator, to an incoming code manager. To ensure that the pension provisions in respect of these employees are not adversely affected by this transfer, there may be a need to make consequential changes to their pension schemes. This paragraph defines the key terms that are used throughout this schedule, for example what is meant by a qualifying member (i.e., a past or present member of a qualifying pension scheme) or a qualifying pension scheme (i.e., a pension scheme which provides pensions or other benefits to employees of the transferring organization).