The Statutory Water Undertakers (Pension Schemes) Order 1974
The Water Act 1973 empowers statutory water undertakers to establish and administer pension arrangements for their employees, and requires all statutory water companies to participate in a superannuation scheme (called in the Act “the standard water company scheme”) which is to offer to their employees terms and benefits not less favourable than those offered by a corresponding superannuation scheme (“the standard water authority scheme”) to employees of water authorities.