Membership of a Broadly Comparable Scheme for Pensionable Authority Employees

26.11 Where this Clause 26.11 (Membership of a Broadly Comparable Scheme for Pensionable Authority Employees) applies:

26.11.1 Project Co shall procure that each Pensionable Authority Employee shall on the Relevant Service Transfer Date or the Cessation Date (as applicable) be offered membership of a pension scheme for future service operated by [Sub-hubco/Project Co] (or the relevant Service Provider) which must be:

(a) established within three (3) months of the Relevant Service Transfer Date or the Cessation Date (as the case may be) and maintained until any payment to be made under Section 4 (LGPS Bulk Transfer Terms) of Schedule Part 24 (Employment and Pensions) is made;

(b) reasonably acceptable to the Authority (such acceptance not to be unreasonably withheld or delayed);

(d) has in place a relevant contracting-out certificate in accordance with Part III of the Pension Schemes Act 1993; and

(e) certified by the Government Actuary's Department as broadly comparable to the LGPS, assessed following the principles set out in the Statement of Practice issued by the Government Actuary's Department as current at the time.

26.11.2 [Sub-hubco/Project Co] shall ensure that a certificate from the Government Actuary's Department referred to in Clause 26.11.1(e) for the Broadly Comparable Scheme shall be delivered to the Authority on or before signature of this Agreement (or on or before the Cessation Date as applicable) and shall provide confirmation that the certificate(s) remain in force [three (3)] months before each Relevant Service Transfer Date or Cessation Date (as the case may be) in respect of each Pensionable Authority Employee who is to be offered membership of the pension scheme to which the certificate relates.