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The British Transport (Amalgamation of Railways' Pension Funds) (No. 1) Order 1970
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- UK Statutory Instruments
- 1970 No. 477
- Article 3
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Members and beneficiaries of the amalgamated fund
3. On the amalgamation date all persons who immediately before that date—
(a)were contributing or non-contributing members of an existing fund shall become contributing or non-contributing members (as the case may be) of the corresponding section of the amalgamated fund,
(b)were in receipt of, or contingently entitled to, benefit from an existing fund shall become entitled immediately or contingently (as the case may be) to the same benefit from the corresponding section of the amalgamated fund,
(c)were eligible for admission, or had rights of readmission, to an existing fund shall be similarly eligible for admission, or have similar rights of admission, to the corresponding section of the amalgamated fund;
and all the persons aforesaid shall have the same rights against and the same obligations towards the amalgamated fund as they had against or towards their existing fund.
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