The Railways Pension Scheme Order 1994

Rule 6C

SCHEDULE 6 TO THE RULES OF THE SHARED COST ARRANGEMENT MEMBERS WHO WERE MEMBERS OF THE BRITISH RAILWAYS (WAGES GRADES) PENSION FUND AND ELECTED FOR A JOINT PENSION

In this Schedule the following words have the following meaning:

“Elector”	means the BR Member who elected for and was granted a joint pension under the British Railways (Wages Grades) Pension Fund.
“Joint Pensioner”	means the person in whose favour the election was made.
“Old Pension”	means the pension which would have been payable under the rules of the British Railways (Wages Grades) Pension Fund as they stood on 30th June 1974 if service had terminated then at normal retirement age.

(1) The Elector is deemed to have made the election only in respect of the Old Pension.

(2) On the death of the Elector, a pension shall be payable to the Joint Pensioner from the day after the Elector’s death and ceasing on the Joint Pensioner’s death. The said pension shall be the Old Pension multiplied by factor A (as set out below).

(3) When an Elector retires the pension shall be reduced by the Old Pension multiplied by factor B (as set out below).

(4) If, before an Elector leaves Service:

(i) the Elector notifies the Trustee that he or she wishes to revoke the election;

or

(ii) the Joint Pensioner dies;

or

(iii) the Joint Pensioner (being the spouse of the Elector) ceases to be married to the Elector,

the election shall be revoked and benefits payable to and in respect of the Elector shall be calculated as if the election had never been made.

(5) If an Elector makes an election under paragraph (1) of Rule 6C (Joint Annuitant’s Pension), the pension payable to the Joint Annuitant under Rule 6C shall be reduced by the amount specified in paragraph (2) above.

FACTOR A

Joint Pensioner older than Elector

	Male Member		Female Member
If Joint Pensioner is older than Elector by (years)	Female Joint Annuitant	Male Joint Annuitant	Female Joint Annuitant	Male Joint Annuitant
10	.83	.89	.91	.95
9	.82	.87	.90	.94
8	.80	.86	.89	.93
7	.79	.85	.88	.92
6	.78	.84	.87	.91
5	.77	.83	.87	.90
4	.75	.81	.86	.90
3	.74	.80	.85	.89
2	.73	.79	.84	.88
1	.72	.77	.83	.87

Joint Pensioner younger than Elector

	Male Member		Female Member
If Joint Pensioner is younger than Elector by (years)	Female Joint Annuitant	Male Joint Annuitant	Female Joint Annuitant	Male Joint Annuitant
0	.70	.76	.83	.86
1	.69	.75	.82	.85
2	.68	.74	.81	.85
3	.67	.73	.80	.84
4	.66	.71	.79	.83
5	.65	.70	.78	.82
6	.65	.69	.77	.81
7	.64	.68	.77	.80
8	.63	.67	.76	.80
9	.62	.66	.75	.79
10	.61	.65	.74	.78
11	.60	.64	.74	.77
12	.60	.63	.73	.77
13	.59	.63	.73	.76
14	.58	.62	.73	.75
15	.57	.61	.72	.75
16	.56	.60	.72	.74
17	.55	.59	.71	.73
18	.55	.58	.71	.73
19	.55	.57	.70	.72
20	.54	.57	.70	.72
21	.54	.56	.70	.71
22	.53	.56	.69	.70
23	.53	.55	.69	.70
24	.53	.55	.68	.70
25	.52	.55	.68	.69

FACTOR B

Factor B shall be obtained from factor A by the formula:

factor B = 1 - factor A

Notes:

1.  The age difference between the Joint Pensioner and the Elector shall be taken as the difference between their calendar years of birth.

2.  For age differences outside the range of the tables, the factors shall be determined by the Actuary.