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The British Transport (Amalgamation of Railways' Pension Funds) (No. 2) Order 1970
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- 1970 No. 1298
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EXPLANATORY NOTE
This Order makes provision in Article 3 for co-ordinating the New Section of the British Railways Superannuation Fund with the existing sections of that fund which are regulated by the British Transport (Amalgamation of Railways' Pension Funds) (No. 1) Order 1970. It also provides (Article 4) for certain amendments to that Order. Provision is made in Articles 5 to 9 for regulating the position of persons who are members of the British Transport Commission (Male Wages Grades) Pension Scheme or of certain other pension schemes (including insurance and ex-gratia schemes) and who become members of the New Section of the British Railways Superannuation Fund, so as to avoid duplication of membership. The Order also provides (Articles 10–12) for the payment of transfer values to the New Section, for certain consequential matters and for the determination of questions. Article 13 safeguards existing rights.
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