The Railway Pensions (Transfer and Miscellaneous Provisions) Order 1994

Statutory Instruments

1994 No. 2005

TRANSPORT

The Railway Pensions (Transfer and Miscellaneous Provisions) Order 1994

Made

28th July 1994

Coming into force

Articles 1 and 3 to 5

1st August 1994

Articles 2(1) to (10), 6 and 7

1st October 1994

Article 2 (11)

2nd October 1994

Whereas in so far as the following Order is made under paragraph 3 of Schedule 11 to the Railways Act 1993(1) the Secretary of State has consulted the trustees of the occupational pension schemes amended by article 4 below;

Whereas in so far as the following Order is made under paragraph 4 of that Schedule the Secretary of State has consulted the trustees of the occupational pension schemes which are, or are to be, the transferor scheme and the transferee scheme pursuant to article 2 below;

Whereas in so far as the following Order is made under paragraph 10 of that Schedule the Secretary of State has consulted the trustee of the occupational pension scheme to which qualifying pension rights are to be transferred by article 2 below;

Whereas it appears to the Secretary of State to be necessary or expedient in consequence of provisions made by the following Order to amend or modify the application of the legislation referred to in Schedule 6 to the Order as provided in that Schedule;

Whereas a draft of the Order was laid before Parliament and no comments have been received as referred to in paragraph 13(2) of Schedule 11 to the Railways Act 1993;

And whereas that draft was approved by resolution of each House of Parliament;

Now, therefore, the Secretary of State, in exercise of the powers conferred on him by section 143(3) and (4) of, and paragraphs 2 to 4, 6 to 8, 10 and 12 of Schedule 11 to, the Railways Act 1993(2) and of all other powers enabling him in that behalf, hereby makes the following Order:

(1)

1993 c. 43.

(2)

See the definitions of “existing scheme”, “new scheme” and “prescribed” in paragraph 1(1) of Schedule 11, the Railway Pensions (Protection and Designation of Schemes) Order 1994 (S.I. 1994/1432) which designates certain occupational pension schemes as existing schemes for the purposes of Schedule 11 and the Railways Pension Scheme Order 1994 (S.I. 1994/1433) which established the Railways Pension Scheme.