Search Legislation

The British Transport Reorganisation (Pensions of Employees) (No. 1) Order 1964

 Help about what version

What Version

  • Latest available (Revised)
  • Original (As made)
 Help about opening options

Opening Options

More Resources

Status:

This is the original version (as it was originally made). 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

1.—(1) This Order shall come into operation on the 31st August 1964, and shall have effect from the vesting date.

(2) This Order may be cited as the British Transport Reorganisation (Pensions of Employees) (No. 1) Order 1964.

(3) In this Order unless the context otherwise requires—

the Act” means the Transport Act 1962;

appropriate Transfer Order” , as respects an existing scheme, means whichever of the following Orders, namely,

(a)

the British Transport Reorganisation (Pensions of Employees) (No. 2) Order 1962(1), and

(b)

the British Transport Reorganisation (Pensions of Employees) (No. 3) Order 1962(2).

is the Order by which liabilities and functions in relation to that scheme were transferred, and, where the scheme is an arrangement to which the former of the above Orders applies, any reference (whether in this definition or elsewhere in this Order) to the transfer by such an Order of liabilities or functions in relation to a scheme includes a reference to the placing (by virtue of the Scheme made by the Commission under that Order) of the responsibility for making payments under that arrangement, and any reference to liabilities or functions, or to the rights, liabilities and functions of the Commission, in connection with such a transfer as aforesaid includes a reference to such responsibility;

a Board” means any of the following bodies, namely—

  • the British Railways Board,

  • the London Transport Board,

  • the British Transport Docks Board, and

  • the British Waterways Board;

the Commission” means the British Transport Commission;

employing body” means, in relation to a person, the nationalised transport body employing him;

existing schemehas the meaning assigned to that expression in Article 2 of this Order;

former employment” and “new employmentmean, in relation to a person who ceases to be in the employment of a nationalised transport body and then (either immediately, or after an intervening period) re-enters the employment of that nationalised transport body or enters the employment of another nationalised transport body, the employment which has ceased and the employment which is re-entered or entered (as the case may be) respectively, and “former employing body” and “new employing bodyshall be construed accordingly, and any reference to entering, in connection with the new employment or the employment of the new employing body, shall include a reference to re-entering such employment in a case where the former employing body and the new employing body are the same nationalised transport body;

the Holding Company” means the Transport Holding Company established by the Act;

insurance scheme” means a scheme for the provision of pensions by way of contracts or policies made or effected with an insurance company carrying on life assurance business within the meaning of the Insurance Companies Act 1958 (including contracts or policies made with such a company for the purpose of implementing any form of private superannuation fund);

intervening period” means, in relation to a person who ceases to be in the employment of a nationalised transport body and then, after an interval, re-enters the employment of that nationalised transport body or enters the employment of another nationalised transport body, the period which elapses between the cessation of the former employment and the commencement of the new employment and is a period at no time within which that person is in the employment of a nationalised transport body;

the Minister” means the Minister of Transport;

nationalised transport body” means any of the following:—

(a)

a Board,

(b)

the Holding Company,

(c)

a subsidiary of a Board or of the Holding Company;

pensionable service” means service ranking for benefit under a pension scheme ;

successor body”, in relation to an existing scheme, means the nationalised transport body to which the rights, liabilities and functions of the Commission relating to that scheme were transferred by the appropriate Transfer Order, or, where those rights, liabilities and functions were transferred by that Order to more than one such body, any one of the nationalised transport bodies to which those rights, liabilities and functions were so transferred;

term”, in relation to a pension scheme, includes any rule or provision of the scheme, or of any statutory provision relating to the scheme, or of any trust deed or other instrument made for the purposes of the scheme;

the vesting date” means the date appointed by the Minister pursuant to section 31 of the Act, that is to say, the 1st January, 1963; and

withdrawal benefits” means, in relation to a participant in an existing scheme who ceases to be in the employment of a nationalised transport body, any payments or transfers of assets (including paid up insurance policies) which fall to be made to or in respect of him under the terms of the scheme on the cessation of that employment, and any reference to payment or repayment in relation to withdrawal benefits shall include a reference to transfer or retransfer where such benefits consist of or include assets other than cash.

(4) The Interpretation Act 1889 shall apply for the interpretation of this Order as it applies for the interpretation of an Act of Parliament.

(1)

(1962 III, p. 3692).

(2)

(1962 III, p. 3866)

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources