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The British Transport (Pensions of Employees) (No. 1) Order 1969

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Dyma’r fersiwn wreiddiol (fel y’i gwnaed yn wreiddiol). This item of legislation is currently only available in its original format. The electronic version of this UK Statutory Instrument has been contributed by Westlaw and is taken from the printed publication. Read more

EXPLANATORY NOTE

This Order makes provision for certain changes in connection with established pension schemes in the public sector of the transport industry consequent on the establishment of the London Transport Executive by the Transport (London) Act 1969 and the establishment of a new subsidiary of the National Bus Company for the purposes of that Act.

Articles 3 and 4 replace, in an amended form, provisions which appeared in the British Transport Re-organisation (Pensions of Employees) (No. 3) Order 1962 and (No. 1) Order 1964. These provisions relate to the obligations of employing bodies to deduct employees' pension contributions from their salaries and to pay such contributions, together with employers' pension contributions and contributions towards administrative expenses, to the bodies responsible for the pension schemes in question. They also relate to the preservation of pension rights of certain persons who become members or directors of publicly owned transport bodies. The superseded provisions are revoked by Article 5.

Article 6 enables employees of one national transport authority to continue to participate in or to re-enter pension schemes of another national transport authority and Article 7 amends the British Transport (Pensions of Employees) (No. 1) Order 1968 by making further provisions as to the transfer of the rights and liabilities of the Transport Holding Company under the Transport Act 1968.

Provision is made in Articles 8 to 11 to confer on staff of the national transport authorities (and their subsidiaries) additional eligibility to join or to remain in pension schemes.

In Articles 12 to 14 the Order provides for the transfer to the London Transport Executive and the new subsidiary of the National Bus Company of the property, rights and liabilities of the London Transport Board in relation to certain established pension schemes for which the Board is at present responsible.

By virtue of section 74(7) of the Transport Act 1962 Article 7 of the Order has effect from 1st January 1969 and the rest of the Order (except for Articles 10, 12, 13 and 14) has effect from 30th October 1969.

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