191.Sections 134 and 135 allow arrangements to be made to deal with pensioners and deferred pensioners of the TEC National Pension Scheme and other TEC salary related occupational pension schemes. They will enable the rights and obligations of pensioners and deferred pensioners under TEC schemes to be transferred, with the consent of the trustees of those schemes, to a new scheme or schemes within the Principal Civil Service Pension Scheme made under Section 1 of the Superannuation Act 1972.
192.Section 136 permits the Minister for the Civil Service to contract out the administration of pensions of the LSC and any scheme set up under these new provisions.
Commentary on Sections Part V - Miscellaneous and General Sections 134 to 136: pensions