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The Railways Pension Scheme Order 1994
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6B The deferred pension, calculated as at the date the Member ceased to be an active member of the BR Pension Scheme shall be increased before payment with effect from the date the Member left service with the Participating Employer until the date the pension becomes payable, by the same percentage increase as a pension subject to the Pensions (Increase) Act 1971(1) would increase during that period if it had become payable on the date the Member left service with the Participating Employer (or, if greater, by the percentage required by the anti–franking requirements of the Contracting–out Laws).
The deferred lump sum shall be increased by multiplying by the Normal Pension and dividing by the Basic Pension.
(1)
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