This Order provides for staff of the nationalised transport bodies (the British Railways Board, the London Transport Board, the British Transport Docks Board, the British Waterways Board, the Transport Holding Company and their subsidiaries), who move from one body to another within the nationalised transport industry, to continue in membership of their pension schemes.
A person who leaves a nationalised transport body and immediately enters the employment of another such body is entitled to remain in membership of his pension scheme unless he gives notice to the contrary within three months of the date of transfer, and provided the terms of the scheme (other than those requiring membership to cease on transfer) permit (Article 3). Where there is an intervening period, not exceeding twelve months, between a person's leaving a nationalised transport body and his re-entering the employment of that body or entering the employment of another such body, the trustees of, or the persons administering, the appropriate pension scheme are empowered to re-admit that person to membership on such terms and conditions as they may prescribe (Article 4). These provisions apply to all persons who transfer after the vesting date (the date on which all the property, rights and liabilities of the British Transport Commission were vested in the British Railways Board, the London Transport Board, the British Transport Docks Board, the British Waterways Board and the Transport Holding Company) (Article 1), and also to those persons who left the British Transport Commission before that date but who, before the expiry of a period of twelve months, enter the employment of a nationalised transport body (Article 5). Members of non-contributory pension schemes are included (Article 6).
Provision is also made for the nationalised transport body to whose employment a person moves to make appropriate contributions for the purposes of the pension scheme to which that person belongs (Article 7). In addition, certain adjustments can be made in relation to the administration of pension schemes (Article 8).