The Railway Pensions (Substitution and Miscellaneous Provisions) Order 1995

9.  In paragraph 3—

(a) in sub–paragraph (1)—

(i) after the words “in relation to any year after 2003” there shall be inserted “in which 13th April is not less than three months and not more than fifteen months after the date of signature of the relevant actuarial valuation in relation to that year”;

(ii) after the words “(taken in the order specified in sub–paragraph (4)) as would, if they” there shall be inserted “, together with any interest added to the outstanding balance of any such amount under paragraph 5(1) or (3) or 7(1), which has not been paid,”;

(iii) for the words “the persons administering the section” there shall be substituted “the persons administering the Paragraph 1 Section and the Paragraph 4 Section”;

(b) in sub–paragraph (2), in the definition of “A”, for the words following “the amount retained in that Fund” to the end of the definition there shall be substituted “is or is to be increased or reduced pursuant to Rule 13B or 14B before 1st April in the year three years after the relevant year, that amount so increased or reduced as the case may be”;

(c) in sub–paragraph (7), for the definition of “relevant amounts”, there shall be substituted the following—

““relevant amounts” means—

(a) the amount specified in column 2 of Table B in relation to the relevant year (“the specified amount”) and any interest added to the outstanding balance of that amount under paragraph 5(1) or (3) or 7(1); and

(b) any amount specified in column 2 of Table B below the specified amount in relation to which there is no subsisting duty to make payments under paragraph 2 or this paragraph (or, where more than nine such amounts are so specified, the nine such amounts immediately following the specified amount) and any interest added to the outstanding balance of any such amount under paragraph 5(1) or (3) or 7(1); and

(c) where the 1994 Pensioners “B” Section of the Railways Pension Scheme is deemed to have been wound up by virtue of the operation of Rule 19 of the Rules of that section—

(i) the amount (if any) specified in column 2 of Table B of Schedule 2 to the 1995 Order in relation to the relevant year (insofar as it remains unpaid) (“the relevant amount”) and any interest added to the outstanding balance of that amount under paragraph 5(1) or (3) or 7(1) of Schedule 2 to that Order; and

(ii) any amount specified in column 2 of Table B of that Schedule below the relevant amount in relation to which there is no subsisting duty to make payments under paragraph 2 or 3 of that Schedule (or, where more than nine such amounts are so specified, the nine such amounts immediately following the relevant amount) and any interest added to the outstanding balance of any such amount under paragraph 5(1) or (3) or 7(1) of that Schedule,

excluding any part of any such amount or interest whihc has been paid: and for the purposes of sub–paragraph (c) of this definition Table B of Schedule 2 to the 1995 Order shall be treated as if, in column 1, before the year first specified, the year 2004 was specified, and as if, in column 2, in relation to that year, the amount specified was zero; and”.