The Local Government Superannuation (Funds etc.) Regulations 1990
These Regulations make a number of amendments to the Local Government Superannuation Regulations 1986 (“the principal Regulations”). Regulation 2 amends the criteria to be applied by the fund actuary in assessing the rate of employer’s contribution to a superannuation fund. Regulation 3 provides that the cost of pensions increases is to be borne by the superannuation funds. This expense will be recovered through the employer’s contribution or, where employer’s contributions are not payable by the employing body, by direct reimbursement in accordance with Schedule 3 to the Pensions (Increase) Act 1971. Special provision is made in respect of the pensions increase liability of the water authorities' successor companies.