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The Railway Pensions (Designation, Substitution and Miscellaneous Provisions) Order 2001
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Payments in respect of unfunded obligations
5.—(1) Schedule 1 to this Order shall have effect for the purpose of—
(a)requiring the Secretary of State to make payments in respect of the capital values of the unfunded obligations specified in article 4(2) and (4); and
(b)providing for the accrual and payment of interest on the outstanding balances of the capital values of the unfunded obligations specified in article 4(2) and (4).
(2) Any payment required to be made by the Secretary of State under Schedule 1 shall be made to the persons administering the Sections.
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