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	Statutes of Northern Ireland
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TRANSPORT (AMENDMENT) ACT (NORTHERN IRELAND) 1971

TRANSPORT (AMENDMENT) ACT (NORTHERN IRELAND) 1971 - LONG TITLE

An Act to authorise the payment of grants to the Northern Ireland
Transport Holding Company to enable it to discharge its obligations
to pay pensions and compensation to former employees of the Ulster
Transport Authority; to enable further provision to be made for
securing the future payment of pensions to such employees; and to
provide for the charging of loans and liabilities under guarantees
on the undertaking and revenues of the Holding Company.
[20th May 1971]
Grants to the Northern Ireland Transport Holding Company.

TRANSPORT (AMENDMENT) ACT (NORTHERN IRELAND) 1971 - SECT 1

1.(1) The Ministry of Development (in this Act referred to as "the
Ministry"), with the approval of the Ministry of Finance, may, out
of moneys provided by Parliament, make grants to the Northern
Ireland Transport Holding Company (in this Act referred to as "the
Holding Company") for the purpose of enabling the Holding Company to
discharge obligations transferred to it by section 68 of the
Transport Act (Northern Ireland) 1967 in respect of pensions and
compensation to former employees of the Ulster Transport Authority
(in this Act referred to as "the Authority").

(2) Grants under subsection (1) shall consist of

(a)a sum not exceeding two million pounds in respect of the
liabilities incurred by the Holding Company on or before 31st March
1971 in meeting its obligations as aforesaid; and

(b)such further sums as the Ministry, with the approval of the
Ministry of Finance, may determine to be necessary to enable the
Holding Company to discharge liabilities incurred by it after 31st
March 1971 in meeting its obligations as aforesaid.

(3) The Holding Company shall make available to the Ministry such
documents and records and shall furnish to the Ministry such
information as the Ministry may reasonably require for the purposes
of its functions under this section.

TRANSPORT (AMENDMENT) ACT (NORTHERN IRELAND) 1971 - SECT 2
Schemes for securing future payment of pensions to former employees
of Ulster Transport Authority.

2.(1) The Holding Company may, after consultation with the staff
associations or trade unions representing the members of any pension
fund in relation to which the Holding Company has by virtue of
section 68 of the Transport Act (Northern Ireland) 1967 become
subject to obligations in respect of pensions to former employees of
the Authority, prepare and submit to the Ministry a Scheme or
Schemes for securing the future payment of pensions to former
employees of the Authority who are members of that fund.

(2) Nothing in any such Scheme shall adversely affect the rights of
any person under the rules of any such fund as aforesaid.

(3) A Scheme shall not be submitted to the Ministry under
subsection (1) unless a two-thirds majority of the members of any
fund affected by that Scheme has, by secret ballot, approved the
proposals in the Scheme.

(4) Where the Ministry is satisfied that a Scheme submitted to it
under subsection (1) has been prepared and approved in accordance
with the foregoing provisions of this section and will enable the
Holding Company to discharge more efficiently its obligations
mentioned in subsection (1), the Ministry shall, by regulations
subject to affirmative resolution, approve the Scheme.

(5) As from such date as the Ministry approves a Scheme under
subsection (4), the rights of any former employee of the Authority
under the rules of any fund affected by the Scheme shall be
subject to the provisions of the Scheme.

(6) The Holding Company shall guarantee the rights of any person
under a Scheme approved under subsection (4).

(7) Any grant paid to the Holding Company under section 1 may be
applied by it for the purpose of enabling it to meet any
obligations imposed on it by any Scheme approved under subsection
(4).

TRANSPORT (AMENDMENT) ACT (NORTHERN IRELAND) 1971 - SECT 3
1967 c.37

3.(1) The Ministry, with the approval of the Ministry of Finance,
may make regulations, subject to affirmative resolution, amending the
provisions of the Ulster Transport Authority (Male Wages Grades)
Pension Scheme established by the Authority on 30th December 1963
and, as from the date or dates on which any such regulations come
into force, the Scheme shall have effect subject to the amendments
made by the regulations.

(2) Regulations shall be made under subsection (1) only in
accordance with an application for amendment of the Scheme made on
behalf of the members of the Scheme and where the Ministry and the
Ministry of Finance are satisfied that, if the amendments were not
made, the members of the Scheme would be unable to retain accrued
rights to pensions which, if they had been members of the Ulster
Transport Authority Salaried Staff Superannuation Scheme, they would
have been entitled to retain under that Scheme.

TRANSPORT (AMENDMENT) ACT (NORTHERN IRELAND) 1971 - SECT 4
Power to amend Ulster Transport Authority (Male Wages Grades) Pension
Scheme.

4.(1) The Holding Company may, with the approval of the Ministry
and of the Ministry of Finance, charge on the undertaking of the
Company or a part thereof or on the revenues of the Company or a
part thereof or on both the undertaking and the revenues of the
Company any loans obtained by the Company in the exercise of its
borrowing powers under section 51 of the Transport Act (Northern
Ireland) 1967.

(2) Any sums charged on and issued out of the Consolidated Fund
under subsection (5) of the said section 51 for the purpose of
fulfilling any guarantee given by the Ministry of Finance under
subsection (4) of that section shall be repaid by the Holding
Company to the Ministry of Finance on such terms and with interest
at such rates as that Ministry may from time to time determine,
and until so repaid such sums and interest shall be deemed to be
charged on the undertaking and all the revenues of the Holding
Company in priority to any other charges not in existence at the
date on which the guaranteed loan was raised by the Holding
Company.

TRANSPORT (AMENDMENT) ACT (NORTHERN IRELAND) 1971 - SECT 5
1967 c.37

5. In this Act

"the Authority" means the Ulster Transport Authority;

"compensation" means compensation (being compensation in respect of
loss of employment with the Authority or loss or diminution of
emoluments or pension rights in respect of such employment) the
right to which was acquired by former employees of the Authority
who were in the employment of the Authority on 13th February 1964
and whose employment with the Authority terminated between that date
and 31st March 1968;

"former employees of the Authority" means employees of the Authority
whose employment with the Authority terminated before 1st April 1968;

"the Holding Company" means the Northern Ireland Transport Holding
Company;

"the Ministry" means the Ministry of Development;

"pensions" means pensions the right to which was acquired by former
employees of the Authority under one or more of the Schemes and
Funds specified in the Schedule and pensions payable to such
employees under arrangements made by the Authority with those
employees and includes increases in those pensions being increases
corresponding to increases made by the Pensions (Increase) Acts
(Northern Ireland) 1920 to 1969 and any subsequent enactment passed
for purposes similar to the purposes of those Acts.

TRANSPORT (AMENDMENT) ACT (NORTHERN IRELAND) 1971 - SECT 6
Interpretation.

6. This Act may be cited as the Transport (Amendment) Act (Northern
Ireland) 1971 and shall be construed as one with the Transport Acts
(Northern Ireland) 1967 and 1970 and those Acts and this Act may
be cited together as the Transport Acts (Northern Ireland) 1967 to
1971.

1. Ulster Transport Authority Salaried Staff Superannuation Scheme.

Ulster Transport Authority (Male Wages Grades) Pension Scheme.

3. Great Northern Railway Pension Fund for Wages Staff.

4. Belfast and Northern Counties Railway Workmen's Pension Fund.

5. Belfast Omnibus Company Limited Pension and Life Assurance Scheme.

6. Belfast Omnibus Company Limited Pension and Life Assurance Fund.

7. Northern Ireland Road Transport Board Pension and Life Assurance
Scheme.

8. Northern Ireland Road Transport Board Pension and Life Assurance
Fund.

9. London Midland and Scottish Railway Superannuation Fund.

10. Railway Clearing System Superannuation Fund.

Short title, construction and citation.