Part 4 Other Transfers

Part 4 Other Transfers

Persons entitled to pension protection under paragraphs 10 and 11

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(1)     For the purposes of this Part of this Schedule a person is entitled to pension protection in relation to a nuclear transfer scheme or any transfer arrangements if—

(a)     sub-paragraph (2) applies to him; and

(b)     he is a person falling within sub-paragraph (5).

(2)     This sub-paragraph applies to a person if—

(a)     in accordance with the scheme or arrangements, a transfer mentioned in sub-paragraph (3) occurs; and

(b)     immediately after the time at which that transfer takes effect, the person's employment is for NDA purposes.

(3)     The transfers referred to in sub-paragraph (2) are—

(a)     a transfer of the person's employment to the UKAEA, the NDA, a publicly controlled company or a private sector employer;

(b)     where his employment is not so transferred, a transfer of securities of, or voting rights in, a company by which he is employed or a company of which such a company is a subsidiary.

(4)     For the purposes of sub-paragraph (2) a person's employment is for NDA purposes if it is—

(a)     employment with the NDA or a subsidiary of the NDA; or

(b)

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