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

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General provisions as to transfers

14.—(1) All the transfers of rights, liabilities, functions and property of the London Board provided for in this Part of this Order shall take place on the 1st January 1970 and shall be transfers subject to the provisions of this Order, and the rights, liabilities, functions and property hereby transferred shall by virtue of this Order vest on that date in the bodies to which they are respectively transferred.

(2) The provisions of paragraphs 8 to 13 of Schedule 2 to the Act of 1969 (so far as relevant) shall apply in relation to the transfers provided for in this Part of this Order but subject to the following modifications, that is to say,

(a)the word “agreement” in those paragraphs shall include any trust deed, rules or other instrument relating to an established scheme,

(b)the references to property, rights or liabilities in those paragraphs shall include references to functions,

(c)nothing in those paragraphs shall, in relation to the cases mentioned in paragraph (2) of Article 6 to this Order, have the effect of applying the No. 1 Order of 1964 to the Executive as if it were the London Board.

(3) Without prejudice to the foregoing provisions of this Article, the following provisions shall have effect in relation to the Railway Clearing System Superannuation Fund Scheme on and after the 1st January 1970:—

(a)the Executive and the designated company shall be regarded as Assenting Contributing Bodies within the meaning of, and for all the purposes of, that scheme, and

(b)the Executive and the designated company shall respectively be regarded for the purposes of that scheme as the employer of every present member thereof for whom a subsidiary of the Executive or of that company (as the case may be) becomes, or is, the employing body at any time after the 1st January 1970.

(4) Nothing in this Part of this Order shall affect the tenure of office of any person appointed or nominated by the London Board before the 1st January 1970 in the exercise of any power conferred on that Board by any term of any established scheme or otherwise exercisable by that Board in relation to an established scheme.

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