PENSIONS Citation, commencement and interpretation 1 1 These Regulations may be cited as the Local Government Superannuation (Greater Manchester Buses Limited) Regulations 1994 and shall come into force on 29th March 1994, but regulation 2 shall have effect as from 13th December 1993. 2 In these Regulations— “the 1971 Act ” means the Pensions (Increase) Act 1971 ; “the Bus Company ” means Greater Manchester Buses Limited; “ the Executive ” means the Greater Manchester Passenger Transport Executive; “the North Company ” means Greater Manchester Buses North Limited; “the principal Regulations ” means the Local Government Superannuation Regulations 1986 ; “the South Company ” means Greater Manchester Buses South Limited. 3 In these Regulations, unless the context otherwise requires, any expression which is also used in the principal Regulations has the same meaning as in those Regulations. Pensions increase 2 1 In its application to a pension (within the meaning of the 1971 Act) which has become payable to or in respect of a person in relation to service ending with service with the Bus Company, Schedule 3 to the 1971 Act and regualtion P14 of the principal Regualtions shall have effect as if any reference to the last employing authority were a reference to the Executive. 2 In its application to a pension (within the meaning of the 1971 Act) which has become payable to or in respect of a person in relation to service ending with service with either the North Company or the South Company, Schedule 3 to the 1971 Act and regulation P14 of the principal Regulations shall have effect as if any reference to the last employing authority were a reference to either the North Company or the South Company, as the case may be. 3 Regulation 4 of the Pensions Increase (Local Authorities' etc Pensions) Regulations 1974 shall cease to have effect in the case of a pension which is payable in respect of service ending with service which was with the Bus Company, the North Company or the South Company. Liability of Greater Manchester Passenger Transport Executive 3 The Executive shall pay to the fund administered under the principal Regulations by Tameside Borough Council such amounts as shall at any time be required to meet the liabilities created by the principal Regulations or by or under the 1971 Act in respect of persons whose service ends with service with the Bus Company. Preservation of membership of scheme 4 Nothwithstanding regulation 2(3) of the Local Government Superannuation (Membership) Regulations 1993 the admission agreement which Tameside Borough Council has entered into under regulation B3 of the principal Regulations with the South Company on 10th December 1993 shall continue to be treated for the purposes of the principal Regulations as an admission agreement for those employees who are admitted employees by virtue thereof immediately before the coming into force of these Regulations. Termination of membership of scheme 5 Notwithstanding anything to the contrary in the admission agreement referred to in regulation 4 above, that agreement shall not be terminated by the South Company except by the majority of admitted employees for the time being of that company, voting by ballot in favour of such termination not later than 3 months before that termination. Signed by authority of the Secretary of State David Curry Minister of State, Department of the Environment 25th March 1994