Part 2: Pensions and Banking (Special Provisions) Act 2008 Bodies Section 116: Transfer of other pensions and benefits
Section 116(1) enables the Treasury, through regulations, to provide for the transfer to the Treasury of qualifying liabilities of Bradford & Bingley, NRAM Limited, or UK Asset Resolution Limited.
	Section 116(2) provides the definition of "qualifying liability" in this section: a qualifying liability is defined as a liability to pay a person a pension or other benefit in connection with that person’s past service with Bradford & Bingley, Northern Rock plc or another entity, excluding liabilities arising under the BBS Pension Scheme or NRAM Pension Scheme.
	Section 116(3) allows the Treasury, through regulations, to provide for disapplication, or application with modifications, of relevant enactments to a qualifying liability which is an occupational pension scheme.
	Section 116(4) defines "relevant enactment" under section 116(3) as an enactment pertaining to occupational pension schemes which is identified in regulations made under section 98(3).
	Section 116(5) allows the Treasury to make regulations that provide for these arrangements that are an occupational pension scheme to be treated as a particular type of occupational pension schemes for the purposes of enactments identified in the regulations.