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The Transport Holding Company (Pensions) Order 1973

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Transfer from railway pension funds

4.  Where any person who immediately before the 26th June 1972 was a contributing member of a railway pension fund, such membership being membership in respect of current employment in the service of Cooks or of a subsidiary of Cooks, either—

(a)before that date has elected to become a member of Cooks Pension Fund in respect of that employment in accordance with the relevant terms of that fund, or

(b)on or after that date but before the 1st October 1973 elects in accordance with the relevant terms of Cooks Pension Fund to become in respect of that employment a member of Cooks Pension Fund on conditions appropriate to his case (notice of such election being given by him before that date to the persons administering the relevant railway pension fund),

then, as soon as may be after the coming into operation of this Order, or the date of that election (if later), the persons administering the relevant railway pension fund shall pay to the persons administering Cooks Pension Fund an appropriate transfer value in respect of the accrued pension rights of the person in question in that railway fund and the persons administering Cooks Pension Fund shall be entitled to receive that transfer value payment and the appropriate terms of Cooks Pension Fund shall apply.

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