Part 6: Miscellaneous Section 115: Guarantee of pension liabilities under Telecommunications Act 1984
This section gives the Secretary of State the power to make regulations modifying or supplementing section 68 of the Telecommunications Act 1984, which makes the Secretary of State liable for the payment of liabilities of BT plc for the payment of pensions, in the event of the company entering insolvent winding-up (the "Crown guarantee"). The regulations may make provision for the Crown guarantee to be extended to include liability for the payment of pensions of employees of BT plc who transfer to another company.