83. Replacement schemes for employees transferred to the private sector.

The Secretary of State1 may by regulations2 make such provision as he thinks fit for securing that arrangements are made and implemented in relation to any existing scheme3 for enabling participants in it to become participants in another pension scheme ('a new scheme') which is established, under and in accordance with the regulations, by the British Coal Corporation4 or such other person as may be prescribed; and satisfies the statutory requirements by reference to that existing scheme5. This paragraph sets out the provisions that may be made in such regulations.

Where the employment of any participant in any existing scheme

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