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Transport Act 2000

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Transport Act 1980 (c. 34)

9Part III of the Transport Act 1980 (railway pensions) has effect subject to the following amendments.

10In section 52A(13) (provisions for final discharge of Secretary of State not to affect liability of Board in respect of relevant pension obligations), for “Board” substitute “Authority”.

11In section 52B(10) (provisions for substitution order not to affect liability of Board in respect of relevant pension obligations), for “Board” substitute “Authority”.

12(1)Section 53 (meaning of “relevant pension obligations”) is amended as follows.

(2)In subsection (1)—

(a)for “Board which were owed” substitute “Authority which were owed by the Board”, and

(b)for “Board arising after the operative date” (in both places) substitute “Authority which arose as an obligation of the Board after the operative date or was never an obligation of the Board”.

(3)In subsection (4), for “Board” (in each place) substitute “Authority”.

13In section 60(1) (interpretation), before the definition of “the Board” insert—

““the Authority” means the Strategic Rail Authority;”.

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