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Statutory Instruments
TRANSPORT
Made
14th September 1966
Laid before Parliament
28th September 1966
Coming into Operation
1st October 1966
The Minister of Transport, in exercise of her powers, under section 74 of the Transport Act 1962 and of all other enabling powers, hereby makes the following Order:—
1.—(1) This Order shall come into operation on the 1st October 1966, and may be cited as the London Transport (Male Wages Grades Pensions) Order 1966.
(2) In this Order, unless the context otherwise requires—
“the Act” means
“employment by the London Transport Executive” means
“the London Board” means
“the Minister” means
“the Railways Board” means
“nationalised transport body” means
“transferred contributing member” , “transferred non-contributing member”, “transferred pensioner” and “person with transferred rights of readmission”
“this Scheme” means
“the 1954 Scheme” means
“the period of deemed membership of Section A of the 1954 Scheme”, in relation to a member of that Scheme, means
“the 1964 Pensions Order” means
(3) The Interpretation Act 1889 shall apply for the interpretation of this Order as it applies for the interpretation of an Act of Parliament.
2.—(1) There shall be established by the London Board as on the 1st October 1966 a pension scheme, to be known as the London Transport (Male Wages Grades) Pension Scheme, under which provision is made for pensions and other benefits for male employees of the London Board in whole time employment in the wages grades and for certain other persons who have existing rights under the 1954 Scheme in connection with the whole time employment in the wages grades of male employees by the London Board, or by a body exercising functions now exercisable by the London Board, before the 1st October 1966.
(2) Subject to the provisions of this Order this Scheme shall be in accordance with the Rules set out in the Schedule to this Order and shall be administered as provided for in those Rules.
(3) The provisions of the 1964 Pensions Order (so far as applicable) shall apply in relation to this Scheme as if it were an existing scheme within the meaning of that Order and as if the London Board were the successor body for such scheme and the Rules set out in the Schedule to this Order shall have effect subject to those provisions.
(4) In relation to certain of the categories of members and persons entitled to benefits the Rules set out in the Schedule to this Order shall have effect subject to the provisions of Articles 4 to 8 of this Order.
3.—(1) The Rules of this Scheme and the provisions of this Order, in so far as they provide for—
(a)male employees in the wages grades becoming members of any Section of this Scheme compulsorily, or
(b)any contribution due from a member being deducted from that member's wages or remuneration,
shall be lawful and have effect notwithstanding anything in any enactment or instrument referred to in Section 74(5) of the Act.
(2) The Rules of this Scheme shall not be amended or added to otherwise than by Order made by the Minister under section 74 of the Act.
4.—(1) This Article shall apply to every contributing member of the 1954 Scheme who immediately before the 1st October 1966 is employed by the London Board.
(2)
(3) In relation to a transferred contributing member the Rules of this Scheme shall have effect as if (except where otherwise expressly provided in these Rules)—
(a)his membership of Section A of this Scheme had commenced when his membership of Section A of the 1954 Scheme commenced and (in the case of a member of Section B of the 1954 Scheme) his membership of Section B of this Scheme had commenced when his membership of Section B of the 1954 Scheme commenced,
(b)the period of his membership of Section A of this Scheme included the aggregate of the period of his membership of Section A of the 1954 Scheme and the period (if any) of his deemed membership of Section A of that scheme, and the period (if any) of his membership of Section B of this Scheme the period (if any) of his membership of Section B of the 1954 Scheme, (any such period of membership or deemed membership of the 1954 Scheme which fell to be treated as contributory membership under that Scheme being similarly treated under this Scheme),
(c)any employment of such member during the above periods by the London Transport Executive or by any nationalised transport body (other than the London Board) had been employment by the London Board, and
(d)every contribution or payment made or received, every other act or thing done or suffered, and every provision effected, by, in favour of, or in relation to him under any 1954 Scheme Rule had been made, received, done, suffered or effected under the corresponding Rule of this Scheme.
5.—(1) This Article shall apply to every person who—
(a)immediately before the 1st October 1966 is employed by the London Board and is a member of the 1954 Scheme whose liability to pay contributions thereunder has ceased, or
(b)in consequence of having left the employment of the London Transport Executive or the London Board, is, under Rule 28(c) of the 1954 Scheme Rules, immediately before the 1st October 1966 a member of that Scheme without further contributions,
but is, in either instance, a person in relation to whom no event in respect of which benefits are payable under the 1954 Scheme Rules has happened before that date.
(2)
(3) The provisions of Article 4(3) of this Order shall apply in relation to a transferred non-contributing member as they apply in relation to a transferred contributing member.
6.—(1) This Article shall apply to every person who immediately before the 1st October 1966 is entitled to a pension or other benefit from the 1954 Scheme in consequence of his membership of that Scheme and who, immediately before that membership ceased, was employed either by the London Transport Executive or by the London Board.
(2)
(3) In relation to a transferred pensioner the Rules of this Scheme shall have effect as if:—
(a)he had been a member of the corresponding Section or Sections of this Scheme, with a period of membership of Section A of this Scheme equivalent to the period of his membership and (where appropriate) deemed membership of Section A of the 1954 Scheme and with a period of membership of Section B of this Scheme equivalent to the period (if any) of his membership of Section B of the 1954 Scheme, (any such period of membership or deemed membership of the 1954 Scheme which fell to be treated as contributory membership under that Scheme being similarly treated under this Scheme),
(b)any employment of such pensioner by the London Transport Executive or by any nationalised transport body (other than the London Board) had been employment by the London Board, and
(c)every contribution or payment made or received, every other act or thing done or suffered, and every provision effected, by, in favour of, or in relation to him under any 1954 Scheme Rule had been made, received, done, suffered or effected under the corresponding Rule of this Scheme.
7.—(1) This Article shall apply to every person to whom Rule 16(a), Rule 17(a) or Rule 19(a)(ii) of the 1954 Scheme Rules has applied before the 1st October 1966 and who enters or re-enters the employment of the London Board on or after that date.
(2)
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.
Sealed with the Official Seal of the Minister of Transport the 14th September 1966.
L.S.
Barbara Castle
The Minister of Transport
1. In these Rules, unless the context otherwise requires, expressions defined in the Order to which these Rules are scheduled shall have the same meanings as in the Order and the following further expressions shall have the meanings respectively assigned to them as follows:—
“the Actuary” means
“compound interest” means
“the Management Committee” means
“minimum pensionable age” means
“National Service” means
in the armed forces of the Crown undertaken by virtue of an enlistment notice or a training notice served under the National Service Acts 1939 to 1947, or the National Service Acts 1948 to 1950; or
by way of work or training in pursuance of an Order of a tribunal under section 5 of the National Service (Armed Forces) Act 1939, or in pursuance of an Order made or direction given under Part I of the National Service Act 1948:
but does not include any voluntary extension of national service otherwise than with the consent of the London Board
“pension” means
“scheduled grade” means
“the service” means
of a casual or seasonal nature, or
for a specific purpose for a limited period;
“transferred member” means
“war service” means
service in any of Her Majesty's forces;
any employment in the merchant navy or fishing fleets;
any full-time employment in the Civil Defence Services (including the National Fire Service), the Royal Observer Corps, the Police War Reserve or the Nursing and First Aid Services;
any full-time employment into which the employee entered by direction of the Minister of Labour and National Service;
detention by the enemy as a prisoner, military or civil, in any enemy or enemy-occupied country, or internment in any enemy or enemy-occupied or neutral country in consequence of the war; such service, employment, detention or internment being on or after the 26th May 1939 and before the 3rd September 1939, or in connection with the war which commenced on the 3rd September 1939, but not including any voluntary extension of war service or voluntary enlistment after the cessation of hostilities otherwise than with the consent of the person in whose service the employee was at the date of the consent.
2. This Scheme shall consist of two sections hereinafter referred to as Section A and Section B.
3. The head office for the administration of this Scheme shall be at 55 Broadway, London, S.W. 1., or such other place as the London Board shall from time to time determine.
4.—(a) Every transferred member from Section A of the 1954 Scheme [Transferred Membership—Section A.] shall become a member of Section A on the 1st October 1966.
(b)Subject as hereinafter provided every male person who—[Compulsory Membership—Section A.]
(i)is appointed to the service on or after the 1st October 1966, or
(ii)has been appointed to the service before the 1st October 1966 but has not completed 12 months' continuous employment in the service before that date, or
(iii)has been appointed to the service before the 1st October 1966 but has not attained the age of 21 years before that date,
shall become a member of Section A upon attaining the age of 21 years or the completion of 12 months' continuous employment, whichever be the later.
(c)The provisions of paragraph (b) of this Rule shall not apply to any person who—
(i)at the time when he is appointed to the service has passed his 45th birthday, or
(ii)after his appointment to the service remains in, or is readmitted to, membership of the 1954 Scheme or of any other pension scheme which relates in whole or in part to the provision of pensions in respect of service rendered in the employment of a nationalised transport body.
5.—(a) Every transferred member from Section B of the 1954 Scheme [Transferred Membership—Section B.] shall become a member of Section B on the 1st October 1966.
(b)Every transferred member to whom paragraph (a) of this Rule does [Compulsory Membership—Section B.] not apply who before the 1st October 1966 has been appointed (except in a temporary capacity) to a scheduled grade and has not at that time satisfied any qualifications specified for that grade in Schedule 1 to these Rules, shall, on satisfying such qualifications, become a member of Section B provided that he has not passed his 64th birthday.
(c)Every transferred member to whom paragraph (a) of this Rule does not apply who on or after the 1st October 1966 is appointed (except in a temporary capacity) to a scheduled grade and satisfies any qualifications specified for that grade in Schedule 1 to these Rules, shall thereupon become a member of Section B provided that he has not passed his 64th birthday.
(d)Every male person admitted to membership of Section A under Rule 4(b) who—
(i)is appointed (except in a temporary capacity) to a scheduled grade on or after the 1st October 1966, or
(ii)has been appointed (except as aforesaid) to a scheduled grade before the 1st October 1966 but has not completed 12 months' continuous employment in the service before that date, or
(iii)has been appointed (except as aforesaid) to a scheduled grade before the 1st October 1966 but has not attained the age of 21 years before that date,
and, in each case, satisfies any qualifications specified for that grade in Schedule 1 to these Rules, shall, on becoming a member of Section A under Rule 4(b), or satisfying such qualifications, whichever be the later, become a member of Section B provided that he has not passed his 64th birthday.
6. [Salaried staff superannuation fund or scheme members.] A member of a salaried staff superannuation fund or scheme who moves within the employment of the London Board to a grade or class not eligible for membership of such salaried staff fund or scheme shall, on ceasing to contribute to that fund or scheme and whether or not he remains a member thereof, become a member of Section A or Sections A and B in accordance with the provisions of Rules 4(b) and 5(d) notwithstanding that he may have passed his 45th birthday but provided that he can by minimum pensionable age complete 20 years' continuous employment with one or more nationalised transport bodies (including war service or National Service following upon any such employment) unbroken by resignation or dismissal, but for this purpose any break in employment with such a body by reason of dismissal due to a recognised redundancy for a period not exceeding 2 years, or such longer period as the Management Committee may allow, shall count as employment.
7.—(a) [Duration of Membership.] Subject to the provisions of these Rules membership shall commence from the beginning of the pay week in respect of which the first contribution is made.
(b)In the case of transferred members membership shall commence on the 1st October 1966.
(c)Membership of Section B shall be concurrent with membership of Section A.
(d)Subject to the provisions of these Rules, membership shall continue so long as the member remains in the employment of the London Board.
8.—(a) [Transfer from a Scheduled Grade.] Any member of Section B who is transferred to a wages grade not being a scheduled grade may, with the consent of the Management Committee, have at the date of such transfer an option to continue to pay contributions to Section B at the rate at which he was paying prior to being so transferred, thereupon continuing contributory membership for the purpose of calculating benefits.
(b)Where no option is given under paragraph (a) of this Rule, or where an option is given but the member does not exercise it, he shall discontinue paying contributions to Section B, whereupon his entitlement to benefit according to Table IV will be limited to that in respect of the completed years for which he has contributed to Section B.
(c)Where a member has discontinued paying contributions to Section B under paragraph (b) of this Rule and is again appointed (except in a temporary capacity) to a scheduled grade, he shall thereupon pay contributions to Section B on the scale set out in Table II according to his age at the date upon which he again becomes so appointed and renew contributory membership from that date for the purpose of calculating benefits.
9. Every member of Section A shall from the date on which membership [Section A.] commences pay to the London Board, except as provided by Rule 11, weekly contributions on the scale set out in Table I according to his age at the date of admission to Section A until minimum pensionable age or until his membership ceases, whichever first occurs.
10. Every member of Section B shall from the date on which membership [Section B.] commences pay to the London Board, except as provided by Rule 11 and subject to the provisions of Rule 8, weekly contributions on the scale set out in Table II according to his age at the date of admission to Section B until minimum pensionable age or until his membership ceases, whichever first occurs.
11.—(a) Members' contributions shall normally be deducted weekly [Payment of Contributions.] through the paybills and where, save as provided in Rule 25 (National Service) or in paragraph (b) of this Rule, contributions due are not so deducted they shall be paid by the member in such manner as the Management Committee shall determine.
(b)Where a member is absent by reason of sickness, duly certified in accordance with the London Board's normal requirements, for a period of one or more complete paybill weeks his contributions for each complete paybill week during that period shall be excused but, for the purposes of reckoning the period of qualification for benefit and for reckoning the period of contributory membership in the calculation of benefit under these Rules, contributions so excused shall be treated as though they had been paid.
12. Benefits shall consist of age retirement pensions, ill-health retirement pensions and benefits and death benefits as hereinafter provided, and shall be paid by the London Board. One half of such benefits in so far as they are attributable to contributory membership shall be deemed to be purchased by the member's contributions. The remainder of such benefits shall be deemed to be provided by the London Board.
13. Where a member of Section A retires at or after minimum pensionable [Age Retirement Pension— Section A.] age, he shall receive the pension set out in Table III according to the number of his completed years of contributory membership and to the number (if any) of completed years by which retirement is deferred:
14. Where a member of Section B, having been a member of Section A [Age Retirement Pension—Section B.] for ten years or more, retires at or after minimum pensionable age, he shall receive the pension set out in Table IV according to the number of his completed years of contributory membership of Section B and to the number (if any) of completed years by which retirement is deferred:
15.—(a) [Ill-health Retirement Benefit—Section A.] Where a member of Section A, before completing ten years of membership and before attaining minimum pensionable age, becomes incapacitated by accident or mental or physical infirmity not resulting from his own misconduct, he shall, on such incapacity being certified by a Medical Officer appointed by the London Board, be entitled to receive on retirement an amount equal to the contributions he has paid together with compound interest thereon at the rate of 3½ per cent. per annum less a sum equivalent to the income tax properly chargeable thereon.
(b)Where a member of Section A, having been a member for ten years or more, before minimum pensionable age becomes incapacitated by accident or mental or physical infirmity not resulting from his own misconduct, he shall, on such incapacity being certified by a Medical Officer appointed by the London Board, be entitled to receive on retirement an ill-health retirement pension according to the number of his completed years of contributory membership up to the date of such retirement as set out in Table III.
16.—(a) [Ill-health Retirement Benefit—Section B.] Where a member of Section B, before completing ten years of membership of Section A and before attaining minimum pensionable age, becomes incapacitated by accident or mental or physical infirmity not resulting from his own misconduct, he shall, on such incapacity being certified by a Medical Officer appointed by the London Board, be entitled to receive on retirement an amount equal to the contributions he has paid together with compound interest thereon at the rate of 3½ per cent. per annum less a sum equivalent to the income tax properly chargeable thereon.
(b)Where a member of Section B, having been a member of Section A for ten years or more, before minimum pensionable age becomes incapacitated by accident or mental or physical infirmity not resulting from his own misconduct, he shall, on such incapacity being certified by a Medical Officer appointed by the London Board, be entitled to receive on retirement an ill-health retirement pension according to the number of his completed years of contributory membership of Section B up to the date of such retirement as set out in Table IV.
17.—(a) [Death Benefit.] Where a member dies whilst in the employment of the London Board there shall be paid to his legal personal representatives either—
(i)the death benefit set out in Table V according to the number of his completed years of contributory membership of Section A plus the death benefit set out in the said Table according to the number (if any) of his completed years of contributory membership of Section B,or
(ii)an amount equal to the contributions he has paid, whichever is the greater.
(b)Where a person in receipt of a pension under these Rules dies, there shall be paid to his legal personal representatives the benefit which would have been payable had he died on the day preceding retirement reduced by the total amount of any pension received.
(c)In this Rule the completed years of contributory membership of Section A shall not, in relation to a transferred member, be treated as including any period of his deemed membership of Section A of the 1954 Scheme.
18.—(a) (i) Subject to the provisions of Rules 27 and 28, where a member [Payment on withdrawal] is dismissed or ceases to be employed of his own accord, not having become entitled to receive benefits under these Rules, there shall be paid to him an amount equal to the sum of the contributions he has paid less a sum equivalent to the income tax properly chargeable thereon:
(ii)In special circumstances at the discretion of the Management Committee there may be paid, in addition to the amount equal to the contributions the member has paid, compound interest thereon at the rate of 3½ per cent. per annum less a sum equivalent to the income tax properly chargeable thereon.
(b)The sums payable to the member under paragraph (a) of this Rule shall not become due for payment until the expiry of a period of three months from the date on which his membership ceased, except that the Management Committee at their discretion may make payment before the expiry of that period.
19. Pensions payable under these Rules shall be paid four-weekly; [Payment of Pensions] the first payment shall consist of the pension in respect of the period from the date of retirement to the end of the second week following the date of payment and the second and subsequent payments shall be in respect of the two weeks ending at the date of payment and the two weeks following that date. On the death of any person in receipt of a pension no sums shall be repayable in respect of any pension paid on or before the date of death and from that date no further sums shall be payable by way of pension.
20. Where the weekly pension payable under these Rules is less than [Commutation of Small Pensions] five shillings, and the Management Committee so approve, there may be paid to the person to whom the pension would be payable a lump sum in lieu thereof equal in amount to the estimated capital value of the pension as determined by the Actuary and that person shall, upon such lump sum being paid, have no further claim under the Rules of this Scheme.
21. No person in receipt of a pension and no member shall assign or [Pensions not assignable] charge or alienate any pension payable or to become payable to him under these Rules or any part thereof.
22. Any person who is in receipt of an ill-health retirement pension in [Persons in receipt of an ill-health retirement pension.] accordance with Rule 15 or Rule 16 may be required by the Management Committee at any time while he is under minimum pensionable age to produce evidence of continuing incapacity, and if before attaining minimum pensionable age he shall earn or be in the opinion of the Management Committee capable of earning an income, the Management Committee may at their absolute discretion reduce or vary or suspend his pension until he shall attain minimum pensionable age. Any such person who re-enters the service may resume membership on such terms and conditions in relation to his total period of contributory membership as the Management Committee may determine after reference to the Actuary.
23. [Payment of Benefits on Death.] On the death of a member, or person in receipt of a pension, any sum expressed to be payable under these Rules shall be paid, on production of Probate, Letters of Administration or Confirmation or such other evidence as the Management Committee may in their absolute discretion require, to his legal personal representatives.
24. [Incapacity of Beneficiary.] If any person entitled to benefit under these Rules is, in the opinion of the Management Committee, unable by reason of mental or physical incapacity to manage his affairs, any sum to which such person is entitled under these Rules shall be paid for his benefit to the person or persons having charge of him or his estate or, at the discretion of the Management Committee, to one or more of his dependants, and the receipt of the person or persons to whom any money is so paid shall be a sufficient discharge therefor.
25.—(a) [National Service.] Where a member enters upon a period of National Service he shall remain a contributing member of this Scheme, and where contributions due are not deducted through the paybill they shall be paid by the member in such manner as the Management Committee shall determine.
(b)Where such a member fails to return to the service on the cessation of National Service for any reason other than death or incapacity he shall thereupon cease to be a member and there shall be payable to him the amounts due under Rule 18.
26. [Transfer to a salaried staff superannuation fund or scheme.] Where a member is transferred to a grade or class of employment eligible for membership of a salaried staff superannuation fund or scheme of a nationalised transport body, being a fund or scheme approved by the Commissioners of Inland Revenue for the purpose of this Rule or of the corresponding 1954 Scheme Rule, the following arrangements shall apply:—
(a)if he becomes a member of such fund or scheme he shall thereupon cease to be a member of this Scheme; there shall be calculated a sum equivalent to the member's contributions to this Scheme with compound interest thereon at 3½ per cent. per annum and the said sum shall be paid on behalf of the member by the London Board through the Management Committee by way of transfer value to the salaried staff fund or scheme and shall be applied in the purchase of any period of antedating under the rules of such fund or scheme;
(b)if he does not join fund or scheme, he shall remain a member of this Scheme as though he had not been so transferred and shall, if he is not already a member of Section B, become a member of Section B provided that he has not passed his 64th birthday.
27. [Transfer to other nationalised transport bodies.] Where a member ceases to be in the employment of the London Board and enters the employment of another nationalised transport body and by virtue of the 1964 Pensions Order he retains or resumes membership of this Scheme, then the provisions of these Rules shall apply (subject to the provisions of the 1964 Pensions Order) as if the employment by that other body were employment by the London Board and for the purposes of such application any reference in these Rules to Schedule 1 to these Rules shall include a reference to Schedule 1 to the 1954 Scheme Rules.
28.—(a) [Transfer to other employment under reciprocal arrangements.] Where a member having not less than 10 years of contributory membership of Section A leaves the employment of the London Board before attaining minimum pensionable age and within thirty days enters employment approved by the Management Committee and the London Board in respect of which there are reciprocal arrangements for the payment and receipt of transfer values to and from pension schemes in respect of pension rights, there may be paid, with the consent and in respect of the member on joining the pension scheme of his new employment, a transfer value to that scheme, assessed by the Actuary, equivalent to the member's pension rights in this Scheme (excluding, however, in the case of a transferred member rights treated as attributable to years of deemed membership of the 1954 Scheme).
(b)In so far as the amount of the transfer value exceeds the sum of the contributions actually paid by the member with compound interest thereon at 3½ per cent. per annum, it shall be deemed to be a contribution by the employer to the recipient pension scheme.
(c)Where a member leaves the employment of the London Board in accordance with paragraph ( a) above and has then attained the age of 55 years, he may, with the consent of the Management Committee and the London Board, remain a member of this Scheme without further contributions and, on the happening of any event in respect of which benefits are payable under these Rules, receive benefits in respect of his completed years of contributory membership as at the date on which he left such employment;
29. Where a person enters the service from other pensionable employment [Transfer into the service under reciprocal arrangements.] in respect of which there are reciprocal arrangements for the payment of and receipt of transfer values to and from pension schemes, he shall, notwithstanding the provisions of Rule 4(b), become a member of this Scheme as a new entrant into the service and his accrued pension rights as represented by the transfer value paid to the London Board shall be preserved to him until the benefits provided under such rights become due:
30. Any person to whom Rule 15(a), Rule 16(a) or Rule 18(a)(ii) has [Re-admission to membership.] been applied who subsequently re-enters the service may be re-admitted to membership of this Scheme, notwithstanding the provisions of Rule 4(c), on such terms and conditions as the Management Committee may decide.
31.—(a) Where a member becomes entitled to any payment by virtue [Other Pension Schemes.] of the provisions of any pension scheme or schemes shown in Schedule 2 to these Rules and becomes entitled to benefit under this Scheme, the amount which shall be deemed to be the London Board's share of such benefit, namely—
(i)in respect of age or ill-health retirement after completing 10 years of membership, one half of the joint pension attributable to years of contributory membership and (in the case only of a transferred member) the whole of the pension treated as attributable to his years (if any) of deemed membership of the 1954 Scheme,
(ii)in respect of death whilst in the employment of the Board, one half of the benefit payable in accordance with Rule 17(a),
(iii)in respect of death after retirement, the death benefit set out under (ii) above reduced by the proportions of sums paid before death as set out under (i) above,
shall be reduced by the whole or the proportion of the benefits provided by any nationalised transport body under the scheduled scheme or schemes as indicated in the said Schedule:
(b)Where the sums provided by any nationalised transport body under such other pension scheme or schemes shall be an annuity to the member varying in amount which shall from time to time, but not throughout his retirement, be greater than the pension payable under these Rules as the London Board's share, the member shall at retirement have an option to receive either the pension payable under these Rules as the London Board's share or the sums provided by any nationalised transport body under such other pension scheme or schemes;
(c)Where the benefit payable under this Scheme shall be an annuity but the sums provided by any nationalised transport body under any such other pension scheme or schemes shall be in whole or in part a lump sum, such lump sum shall for the purposes of calculating the reduction in pension necessary under this Rule be converted into an equivalent annuity as determined by the Actuary.
(d)Where the benefit payable under this Scheme shall be a lump sum but the sums provided by any nationalised transport body under such other pension scheme or schemes shall be in whole or in part an annuity, such annuity shall for the purpose of calculating the reduction in lump sum necessary under this Rule be converted into an equivalent lump sum as determined by the Actuary.
32. [Composition of Committee.] Subject to the provisions of these Rules, the administration of this Scheme shall be vested in a Management Committee of sixteen persons, eight of whom shall from time to time be appointed by the London Board and eight shall from time to time be nominated by the under-mentioned bodies according to the numbers of nominees stated:—
The National Union of Railwaymen—2 nominees,
The Associated Society of Locomotive Engineers and Firemen—2 nominees,
The Transport and General Workers' Union—2 nominees,
The London Transport Joint Trades Committee—2 nominees:
33. [Chairman of Committee.] The Chairman of the Management Committee at any time shall be one of the persons appointed by the London Board to serve on the Management Committee.
34. The Management Committee shall have power to establish such [Power of Committee to establish administrative arrangements.] arrangements as they consider appropriate for administering this Scheme.
35. The procedure of the Management Committee shall, except as [Procedure of Committee.] provided by these Rules, be regulated from time to time by the Management Committee.
36. Eight members of the Management Committee (of whom not less [Quorum.] than four shall be from amongst those appointed by the London Board and not less than four from amongst those nominated by the bodies stated in Rule 32) shall constitute a quorum, and no business shall be transacted at a meeting of the Management Committee unless a quorum be present.
37. The decision of the majority of the Management Committee [Decisions of Committee.] present at a meeting of the Management Committee shall be deemed to be the decision of the Management Committee. The Chairman of the Management Committee shall in case of equal division have a second or casting vote.
38. The Management Committee may exercise its powers during and [Committee may act notwithstanding vacancy.] notwithstanding any casual vacancy in its body.
39.—(a) A Secretary shall be appointed by the London Board and [Secretary.] shall continue in office as the London Board so determine.
(b)He shall be responsible to the Management Committee for the general administration of this Scheme in accordance with these Rules and for the keeping of such records and accounts as the Management Committee require.
(c)The London Board may also appoint such other persons as may be necessary to assist the Secretary in the carrying out of his duties and the salaries of the Secretary and such other persons shall be determined and paid by the London Board.
40. An Actuary shall be appointed by the London Board and shall [Actuary.] continue in office as the London Board so determine.
41. Any option exercisable by any person under these Rules shall be [Exercise of Options.] exercised by a notice in writing signed by the person by whom the option is exercised and when so exercised shall be irrevocable.
42. [Evidence of Age.] Every member shall when required so to do by the Management Committee furnish such evidence of his age as the Management Committee may require.
43. [Evidence by Pensioners.] Every person entitled to a pension under these Rules shall—
(a)give notice in writing of his place of residence at the time of becoming entitled to such pension and thereafter give notice of any change of residence,
(b)give notice in writing of the occurrence of any event affecting his entitlement to pension, and
(c)furnish such evidence of his continued existence as the Management Committee may require.
44. [Actuarial Investigation.] There shall be an investigation by the Actuary into the finances of this Scheme as and when the Management Committee shall direct, but as least once every five years. The Actuary shall report with his recommendations to the London Board who, having regard to that report, may after taking the advice of the Management Committee request the Minister to amend the Rules.
45. [National Insurance Acts.] In the event of changes in the retirement pension provisions of the National Insurance Act 1965 as amended by any subsequent legislation, the London Board shall, after taking the advice of the Management Committee and the Actuary, review the provisions of this Scheme and where deemed necessary proceed in accordance with Rule 46.
46. [Amendment of Rules.] The London Board may at any time after taking the advice of the Management Committee request the Minister to amend the Rules by alteration, deletion or addition of any provisions, but no alteration, deletion or addition shall be made which would have the effect of altering the main purpose of this Scheme from that of providing pensions or which would have the effect of decreasing any pension being paid at the date of such alteration, deletion or addition.
47. [Determination of Disputes.] In all matters relating to eligibility for membership eligibility to exercise options, contributions, benefits, claims and other matters touching or concerning the rights and obligations of members and other persons under these Rules the decision of the Management Committee shall be final.
48. [Special Conditions.] Within the age and pension limits of this Scheme the Management Committee shall have power to impose whatever special conditions it deems necessary in circumstances where in its opinion the general conditions prescribed in these Rules do not meet the circumstances of any particular case.
49. [Copies of Rules.] One copy of these Rules shall be supplied free of charge to every transferred member on receipt by the Management Committee of a request therefor by him and to every person who becomes a member of this Scheme after 1st October 1966 on the commencement of his membership. One copy of any amendments to these Rules shall be supplied free of charge to any member who requests the Management Committee therefor and who has not formerly been supplied with such amendments. Additional copies of these Rules and of any amendments thereto may be obtained by members on payment of one shilling for each copy. All copies of these Rules supplied to members shall contain the amendments (if any) currently in force.
(Rule 9)
Age last birthday at date of entry | Weekly contribution by member till minimum pensionable age |
---|---|
Years | s. d. |
21 | 1 8 |
22 | 1 9 |
23 | |
24 | 1 10 |
25 | |
26 | 1 11 |
27 | |
28 | |
29 | 2 0 |
30 | |
31 | |
32 | |
33 | 2 1 |
34 | |
35 | |
36 to 41 inclusive | 2 2 |
42 to 47 inclusive | 2 3 |
48 to 53 inclusive | 2 4 |
54 to 64 inclusive | 2 5 |
65 and over | Nil |
(Rules 8(c) and 10)
Age last birthday at date of entry | Weekly contribution by member till minimum pensionable age |
---|---|
Years | s. d. |
21 | |
22 | 8 |
23 | |
24 | |
25 | |
26 | 9 |
27 | |
28 | |
29 to 39 inclusive | 10 |
40 to 63 inclusive | 11 |
(Rules 13 and 15)
Number of completed years of contributory membership of Section A | Weekly joint contributory pension on age retirement at minimum pensionable age or earlier ill-health retirement | Weekly joint contributory pension where retirement is deferred beyond minimum pensionable age for:— | ||||
---|---|---|---|---|---|---|
1 complete year | 2 complete years | 3 complete years | 4 complete years | 5 or more complete years | ||
s. d. | s. d. | s. d. | s. d. | s. d. | s. d. | |
1 | 9 | 10 | 10 | 11 | 11 | 1 0 |
2 | 1 6 | 1 7 | 1 9 | 1 10 | 1 11 | 2 0 |
3 | 2 3 | 2 5 | 2 7 | 2 8 | 2 10 | 3 0 |
4 | 3 0 | 3 2 | 3 5 | 3 7 | 3 10 | 4 0 |
5 | 3 9 | 4 0 | 4 3 | 4 6 | 4 9 | 5 0 |
6 | 4 6 | 4 10 | 5 1 | 5 4 | 5 8 | 6 0 |
7 | 5 3 | 5 7 | 6 0 | 6 4 | 6 8 | 7 0 |
8 | 6 0 | 6 5 | 6 10 | 7 2 | 7 7 | 8 0 |
9 | 6 9 | 7 3 | 7 8 | 8 1 | 8 6 | 9 0 |
10 | 7 6 | 8 0 | 8 6 | 9 0 | 9 6 | 10 0 |
11 | 8 3 | 8 10 | 9 4 | 9 10 | 10 5 | 11 0 |
12 | 9 0 | 9 7 | 10 3 | 10 9 | 11 5 | 12 0 |
13 | 9 9 | 10 5 | 11 1 | 11 8 | 12 4 | 13 0 |
14 | 10 6 | 11 2 | 11 11 | 12 7 | 13 4 | 14 0 |
15 | 11 3 | 12 0 | 12 9 | 13 6 | 14 3 | 15 0 |
16 | 12 0 | 12 10 | 13 7 | 14 5 | 15 2 | 16 0 |
17 | 12 9 | 13 7 | 14 5 | 15 4 | 16 2 | 17 0 |
18 | 13 6 | 14 5 | 15 4 | 16 2 | 17 1 | 18 0 |
19 | 14 3 | 15 2 | 16 2 | 17 1 | 18 1 | 19 0 |
20 | 15 0 | 16 0 | 17 0 | 18 0 | 19 0 | 20 0 |
21 | 15 9 | 16 10 | 17 10 | 18 11 | 19 11 | 21 0 |
22 | 16 6 | 17 7 | 18 8 | 19 10 | 20 11 | 22 0 |
23 | 17 3 | 18 5 | 19 7 | 20 8 | 21 10 | 23 0 |
24 | 18 0 | 19 2 | 20 5 | 21 7 | 22 10 | 24 0 |
25 | 18 9 | 20 0 | 21 3 | 22 6 | 23 9 | 25 0 |
26 | 19 6 | 20 10 | 22 1 | 23 5 | 24 8 | 26 0 |
27 | 20 3 | 21 7 | 22 11 | 24 4 | 25 8 | 27 0 |
28 | 21 0 | 22 5 | 23 10 | 25 2 | 26 7 | 28 0 |
29 | 21 9 | 23 2 | 24 8 | 26 1 | 27 7 | 29 0 |
30 | 22 6 | 24 0 | 25 6 | 27 0 | 28 6 | 30 0 |
31 | 23 3 | 24 10 | 26 4 | 27 11 | 29 5 | 31 0 |
32 | 24 0 | 25 7 | 27 2 | 28 10 | 30 5 | 32 0 |
33 | 24 9 | 26 5 | 28 1 | 29 8 | 31 4 | 33 0 |
34 | 25 6 | 27 2 | 28 11 | 30 7 | 32 4 | 34 0 |
35 | 26 3 | 28 0 | 29 9 | 31 6 | 33 3 | 35 0 |
36 | 27 0 | 28 10 | 30 7 | 32 5 | 34 2 | 36 0 |
37 | 27 9 | 29 7 | 31 5 | 33 4 | 35 2 | 37 0 |
38 | 28 6 | 30 5 | 32 4 | 34 2 | 36 1 | 38 0 |
39 | 29 3 | 31 2 | 33 2 | 35 1 | 37 1 | 39 0 |
40 and over | 30 0 | 32 0 | 34 0 | 36 0 | 38 0 | 40 0 |
(Rules 8(b), 14 and 16(b))
Number of completed years of contributory membership of Section B (see Note) | Weekly joint contributory pension on age retirement at minimum pensionable age or earlier ill-health retirement | Weekly joint contributory pension where retirement is deferred beyond minimum pensionable age for:— | ||||
---|---|---|---|---|---|---|
1 complete year | 2 complete years | 3 complete years | 4 complete years | 5 or more complete years | ||
s. d. | s. d. | s. d. | s. d. | s. d. | s. d. | |
1 | 3 | 3 | 4 | 4 | 4 | 5 |
2 | 7 | 8 | 8 | 9 | 10 | 10 |
3 | 10 | 11 | 1 0 | 1 1 | 1 2 | 1 3 |
4 | 1 2 | 1 3 | 1 5 | 1 6 | 1 8 | 1 9 |
5 | 1 5 | 1 7 | 1 8 | 1 10 | 2 0 | 2 2 |
6 | 1 9 | 1 11 | 2 1 | 2 3 | 2 5 | 2 7 |
7 | 2 0 | 2 2 | 2 5 | 2 7 | 2 10 | 3 0 |
8 | 2 3 | 2 6 | 2 8 | 2 11 | 3 2 | 3 5 |
9 | 2 7 | 2 10 | 3 1 | 3 4 | 3 7 | 3 10 |
10 | 2 10 | 3 1 | 3 5 | 3 8 | 4 0 | 4 3 |
11 | 3 2 | 3 6 | 3 10 | 4 1 | 4 5 | 4 9 |
12 | 3 5 | 3 9 | 4 1 | 4 5 | 4 9 | 5 2 |
13 | 3 9 | 4 1 | 4 6 | 4 10 | 5 3 | 5 7 |
14 | 4 0 | 4 5 | 4 10 | 5 2 | 5 7 | 6 0 |
15 | 4 3 | 4 8 | 5 1 | 5 6 | 5 11 | 6 5 |
16 | 4 7 | 5 0 | 5 6 | 5 11 | 6 5 | 6 10 |
17 | 4 10 | 5 4 | 5 10 | 6 3 | 6 9 | 7 3 |
18 | 5 2 | 5 8 | 6 2 | 6 9 | 7 3 | 7 9 |
19 | 5 5 | 6 0 | 6 6 | 7 1 | 7 7 | 8 2 |
20 | 5 9 | 6 4 | 6 11 | 7 6 | 8 1 | 8 7 |
21 | 6 0 | 6 7 | 7 2 | 7 10 | 8 5 | 9 0 |
22 | 6 3 | 6 11 | 7 6 | 8 2 | 8 9 | 9 5 |
23 | 6 7 | 7 3 | 7 11 | 8 7 | 9 3 | 9 10 |
24 | 6 10 | 7 6 | 8 2 | 8 11 | 9 7 | 10 3 |
25 | 7 2 | 7 11 | 8 7 | 9 4 | 10 0 | 10 9 |
26 | 7 5 | 8 2 | 8 11 | 9 8 | 10 5 | 11 2 |
27 | 7 9 | 8 6 | 9 4 | 10 1 | 10 10 | 11 7 |
28 | 8 0 | 8 10 | 9 7 | 10 5 | 11 2 | 12 0 |
29 | 8 3 | 9 1 | 9 11 | 10 9 | 11 7 | 12 5 |
30 | 8 7 | 9 5 | 10 4 | 11 2 | 12 0 | 12 10 |
31 | 8 10 | 9 9 | 10 7 | 11 6 | 12 4 | 13 3 |
32 | 9 2 | 10 1 | 11 0 | 11 11 | 12 10 | 13 9 |
33 | 9 5 | 10 4 | 11 4 | 12 3 | 13 2 | 14 2 |
34 | 9 9 | 10 9 | 11 8 | 12 8 | 13 8 | 14 7 |
35 and over | 10 0 | 11 0 | 12 0 | 13 0 | 14 0 | 15 0 |
NOTE: All periods of contributory membership of Section B shall be aggregated for the purpose of calculating the number of completed years.
(Rule 17(a))
SECTION A | SECTION B | ||
---|---|---|---|
Number of completed years of contributory membership | Amount | Number of completed years of contributory membership (See Note) | Amount |
£ | £ | ||
1 | 8 | 1 | 4 |
2 | 12 | 2 | 6 |
3 | 16 | 3 | 8 |
4 | 22 | 4 | 10 |
5 | 28 | 5 | 12 |
6 | 34 | 6 | 14 |
7 | 40 | 7 | 16 |
8 | 46 | 8 | 18 |
9 | 52 | 9 | 20 |
10 | 58 | 10 | 22 |
11 | 64 | 11 | 25 |
12 | 70 | 12 | 28 |
13 | 76 | 13 | 31 |
14 | 84 | 14 | 34 |
15 | 92 | 15 | 37 |
16 | 100 | 16 | 40 |
17 | 110 | 17 | 44 |
18 | 120 | 18 | 48 |
19 | 130 | 19 | 52 |
20 | 140 | 20 | 56 |
21 | 150 | 21 | 60 |
22 | 160 | 22 | 64 |
23 | 170 | 23 | 68 |
24 | 180 | 24 | 72 |
25 | 190 | 25 | 76 |
26 | 200 | 26 | 80 |
27 | 210 | 27 | 84 |
28 | 220 | 28 | 88 |
29 | 230 | 29 | 92 |
30 | 240 | 30 | 96 |
31 | 250 | 31 | 102 |
32 | 265 | 32 | 108 |
33 | 280 | 33 | 114 |
34 | 295 | 34 | 120 |
35 | 310 | 35 | 126 |
36 | 325 | 36 | 132 |
37 | 340 | 37 | 138 |
38 | 360 | 38 | 144 |
39 | 380 | 39 | 152 |
40 | 400 | 40 | 160 |
41 | 420 | 41 | 168 |
42 | 440 | 42 | 176 |
43 and over | 460 | 43 and over | 184 |
NOTE: All periods of contributory membership of Section B shall be aggregated for the purpose of calculating the number of completed years.
(Rule 5)
Railway Operating
Guard—(after five years' service in the grade or on attaining 30 years of age, whichever is the earlier).
Head shunter.
Station Foreman A, B and C.
Relief Station Foreman.
Signalman A, B and C.
Relief Signalman.
Motorman.
Automatic Train Operator.
Driver (steam).
Fireman (steam)—(after five years' service in the grade or on attaining 30 years of age, whichever is the earlier).
Road Operating
Driver
Conductor
Central Buses
Country Buses
Coaches
After five years' service in one or more of these grades or on attaining 30 years of age, whichever is the earlier.
Driver Instructor.
Depot Clerk (Country Buses and Coaches)—on attaining age 30.
Permanent Way
Ganger (Section).
Ganger (Extra Gang).
Chairman.
Ballast Guard—(after five years' service in the grade or on attaining 30 years of age, whichever is the earlier).
Signals
Chief Power Signal Lineman.
Lineman (Power Signal) Class 1.
Lineman (Power Signal) Class 2.
Lineman (in gang).
Cable Lineman.
Telephone Lineman.
Automatic Telephone Lineman.
Special Lineman.
Chargehand, class 1.
Chargehand, class 2.
Circuit Installer, Class 1.
Installer, Class 1.
Mechanical Engineering (Railways)
Chargehand Machinery Attendant.
Chargehand Carriage Examiner.
Chargehand Carriage Examiner (Call Point).
Chargehand Pump Lineman.
Special Pump Lineman.
Breakdown Chargehand.
Leading Carriage Examiner.
Leading Carriage Examiner (Call Point).
Carriage Examiner
Depot Office Assistant
After five years' service in the grade or on attaining 30 years of age, whichever is the earlier.
Mechanical Engineering (Road Services)
Sergeant Warden (Chiswick Works).
Miscellaneous Grades
Printing staff—skilled staff following outside industry rates.
Ticket Machine Works
Craftsman.
Craftsman (Automatic Vending Machines).
Senior Craftsman (Inspection).
Works and Building
Chargehand Rat Catcher.
Various Departments
Chauffeur (Uniformed).
Establishment
Hall Porter—Day (Head Office).
Estates
Head Porter (Chiltern Court).
Assistant Head Porter (Chiltern Court).
Senior Boiler Attendant.
Working Foreman.
Mechanical Fitter.
Plumber.
Laboratories
Laboratory Attendant.
Central Distribution Service
Chargehand Lorry Driver.
Publicity
Leading Advertisement Hand.
Advertisement Hand Chargehand.
Advertisement Hand (Special) Chargehand.
Audit
Stores Checker.
Staff and Welfare
Usher (Senior).
Usher.
Groundsman.
Head Groundsman.
Range Warden.
Hostel Warden.
Sports Ground Steward.
Institute Steward.
Catering
Male or Head Cook.
Steward.
Catering Storesman C.
Butcher.
Cake Mixer
Dough Maker.
Oven Man.
Kitchen Steward.
Skilled Grades on maintenance.
Stores
Timber Measurer.
Civil Engineering
Craftsman.
Staff who follow outside building trade rates for fully skilled men.
Mechanical Engineering (Railways) Permanent Way and Signals
Skilled grades and Chargehands who are themselves skilled.
Starred Grades.
Mechanical Engineering (Road Services)
Craftsman.
Leading Hand craftsmen who are themselves craftsmen.
Unit Adjuster—Central and Country Areas.
Tester.
Driver Tester.
Senior Progress Hand.
Electrical Generation and Distribution
Grades in London Transport Electrical Groups E, F and G.
Chargehand—Turbine House.
Substation Attendant.
Charge Engineer.
General
Any grade, class or situation determined at any time by the Management Committee to be analogous in status with any grade, class or situation specified in this Schedule.
(Rule 31)
Pension Scheme | Type of Benefit | Proportion of benefit provided by a nationalised transport body |
---|---|---|
All non-contributory, exgratia, supplementary or supplemental payments in the form of pensions or lump sums, whether paid under agreement or rule or by customary practice. | All | The whole. |
G.W.R. Salaried Staff Supplemental Pension Fund. | Age Pension | To be assessed by the Actuary in individual cases. |
G.W.R. Inspectors' and Foremen's Special Pension Fund. | Age Pension or Ill-health Pension Death before or after retirement | To be assessed by the Actuary in individual cases. |
G.W.R. Locomotive and Carriage Dept. Sick Fund Society. | Table A Age Pension Death before or after retirement | one-eighth |
Table B Age Pension Death before or after retirement | Three-eighths | |
Table C Age Pension Death before or after retirement | One-sixth | |
Thomas Bantock & Co. Benevolent and Pensions Fund. | — | To be assessed by the Actuary in individual cases. |
L.M.S. (L.N.W.) Provident and Pension Society. | Scales A & B—Age Pension or Ill-health Pension | The whole. |
Scale E Age Pension or Ill-health Pension | Seven-tenths | |
Lump sum on retirement | ||
Death before or after retirement | Two-fifths | |
L.M.S. (L. & Y.) Pension Fund Society. | Age Pension or Ill-health Pension after age 55 | |
Ill-health before age 55 | Three-quarters | |
Death before or after retirement | ||
L.M.S. (North Staffs.) Friendly Society. | Age Pension | Four-fifths |
L.M.S. Midland Railway Friendly Society. | Age Pension Death before or after retirement | The whole. |
L.M.S. (Midland) Voluntary Supplementary Pension Fund. | Age Pension Death before or after retirement | Four-fifths |
W.H. Smith & Son's Pension Fund. | — | To be assessed by the Actuary in individual cases. |
Frank Mason & Co. Ltd. Staff Pension Scheme. | — | To be assessed by the Actuary in individual cases. |
G.E.R. New Pension Fund | Age Pension or Ill-health Pension after age 55 | |
Ill-health before age 55 | Three-fifths | |
Death before or after retirement | ||
G.E.R. New Pension Supplemental Fund. | Age Pension or Ill-health Pension after age 55 | |
Ill-health before age 55 | Three-fifths | |
Death before or after retirement | ||
G.E.R.Higher Pension Fund. | Age Pension or Ill-health Pension after age 55 | |
Ill-health before age 55 | Three-fifths | |
Death before or after retirement | ||
G.E.R. Employees Sick and Orphan Society. | Death before or after retirement | One-sixth |
G.N.R. Superannuation Fund (Class 1). | — | To be assessed by the Actuary in individual cases. |
G.N.R. Superannuation Fund (Class 2) Division A. | Death or retirement after age 60 | |
Death or retirement before age 60 | One-half | |
G.N.R. Superannuation Fund (Class 2) Division B. | Age Pension or Ill-health Pension before age 60 | |
Death before or after retirement | One-half | |
N.E.R. Police Superannuation Society. | Age Pension or Ill-health Pension after 15 years' membership | |
Ill-health under 15 years' membership | Two-thirds | |
Death before or after retirement | ||
N.E.R. Servants Pension Society. | Tables A & B—Age Pension | One-eighth |
Supplemental Age Pension | The whole. | |
Ill-health Pension | ||
Death before or after retirement | One-eighth | |
North British Railway Insurance Society. | Age Pension or Ill-health Pension | |
Death before or after retirement | Three-fifths | |
L.B. & S.C.R. Pension Fund. | Age Pension or Ill-health Pension after age 55 | |
Ill-health after age 55 under 20 years' membership | ||
Ill-health before age 55 under 20 or more years' membership | Three-fifths | |
Ill-health before age 55 with less than 20 years' membership | ||
Death before or after retirement | ||
Grand Union (Stevedoring & Wharfage) Co. Ltd. Superannuation Scheme. | — | To be assessed by the Actuary in individual cases. |
Grand Union Canal Carrying Co. Ltd. Superannuation Scheme. | — | To be assessed by the Actuary in individual cases. |
Thomas Clayton (Paddington) Ltd. Superannuation Scheme. | — | To be assessed by the Actuary in individual cases. |
Severn Commission Pension and Life Assurance Scheme. | — | To be assessed by the Actuary in individual cases. |
Severn Carrying Co. Ltd. Pension and Life Assurance Scheme. | — | To be assessed by the Actuary in individual cases. |
Sharpness & Gloucester Dock Co's Pension and Life Assurance Scheme. | — | To be assessed by the Actuary in individual cases. |
City of Nottingham Officers' and Servants' Superannuation Fund—Divided. | — | To be assessed by the Actuary in individual cases. |
Metropolitan Railway Pension Fund. | Age Pension or Ill-health Pension after 15 years' membership | |
Ill-health under 15 years' membership | One-half | |
Death before or after retirement | ||
Tilling Staff Welfare Society. | Age Pension or Capital Sum on retirement or at death before retirement | One-third |
Croydon Corporation Superannuation and Provident Fund. | — | To be assessed by the Actuary in individual cases. |
Superannuation Fund of the London Borough of Newham. | — | To be assessed by the Actuary in individual cases. |
Superannuation Fund of the London Borough of Waltham Forest. | — | To be assessed by the Actuary in individual cases. |
Widows' and Children's Pension Scheme and Dependants Pension Scheme (Established under the Superannuation Act 1949). | — | To be assessed by the Actuary in individual cases. |
Superannuation Fund of the London Borough of Redbridge. | — | To be assessed by the Actuary in individual cases.” |
This Order provides for the establishment and administration of a new pension scheme for male wages grades employed by the London Transport Board. It transfers to this scheme members of the British Transport Commission (Male Wages Grades) Pension Scheme who are employed by the London Transport Board and also pensioners under that scheme who immediately before their retirement were employed by the Board or its predecessor, the London Transport Executive. The terms and conditions of the new scheme are set out in the Rules which are scheduled to the Order.
(1954 I, p. 175).
(1964 II, p. 3034).
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