[Sub-hubco/Project Co] Undertaking

26.15 [Sub-hubco/Project Co] undertakes to the Authority (for the benefit of the Authority and for the Authority as agent and trustee for the benefit of the Pensionable Authority Employees) that it shall (and shall procure that any relevant Service Provider shall) procure that:

26.15.1 the Pensionable Authority Employees shall by three (3) months before the Relevant Service Transfer Date or the Cessation Date (as the case may be) be offered membership of the Broadly Comparable Scheme with effect from and including the Relevant Service Transfer Date (or Cessation Date (as the case may be));

26.15.2 the Broadly Comparable Scheme shall provide benefits in respect of the Pensionable Authority Employees' periods of service on and after the Relevant Service Transfer Date (or Cessation Date (as the case may be)) which the Government Actuary's Department shall certify to be the same as, broadly comparable to, or better than the benefits which the Pensionable Authority Employees were entitled to under the LGPS at the Relevant Service Transfer Date (or the Cessation Date (as the case may be));

26.15.3 if the Broadly Comparable Scheme is terminated, a replacement pension scheme shall be provided with immediate effect for those Pensionable Authority Employees who are still employed by Project Co or a relevant Service Provider.  The replacement scheme must comply with this Clause 26.15 ([Sub-hubco/Project Co] Undertaking) as if it were the Broadly Comparably Scheme; and

26.15.4 where the Broadly Comparable Scheme has not been established by the Relevant Service Transfer Date (or Cessation Date (as the case may be)) the Pensionable Authority Employees shall be provided with benefits in respect of death-in-service which are no less favourable than the death-in-service benefits provided by the LGPS before the Relevant Service Transfer Date (or Cessation Date (as the case may be)).  Such benefits shall continue to be provided until death-in-service benefits are provided by the Broadly Comparable Scheme.