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The London Transport (Male Wages Grades Pensions) Order 1966
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General Effect of Transfers
8.—(1) The obligations and liabilities under the 1954 Scheme of the Railways Board and the Central Committee of that Scheme to the persons hereinafter mentioned, and the corresponding rights of these persons under that Scheme, shall cease and determine—
(a)as respects every transferred contributing and non-contributing member and every transferred pensioner, on the 1st October 1966, and
(b)as respects every person with transferred rights of readmission, on the date of his admission to this Scheme under the provisions of Rule 30 thereof (as that Rule has effect subject to the provisions of Article 7 of this Order).
(2) The rights as respects this Scheme conferred upon transferred contributing and non-contributing members, transferred pensioners and persons with transferred rights of readmission by the foregoing provisions of this Order shall be in substitution for their rights as respects the 1954 Scheme so ceasing and determining as aforesaid.
(3) Except in so far as any rights, liabilities or obligations conferred by or contained in the 1954 Scheme may be continued by this Order or by or under the 1964 Pensions Order, the 1954 Scheme shall cease to have effect so far as concerns the London Board.
(4) No person (other than the London Board or the Railways Board) shall be placed in a worse position by reason of the substitution of rights effected by this Order and the provisions of this Order shall have effect subject to this requirement.
(5) In order to secure any appropriate financial adjustments between the Railways Board and the London Board in consequence of the foregoing provisions of this Order such payments shall be made by one Board to the other as may be equitable having regard to all the circumstances and in the event of any disagreement between the Boards as to their obligations under this paragraph the matter shall on the application of either Board be determined by the Minister whose decision shall be final.
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