The Railways Pension Scheme Order 1994

Additional Contributions from Professionals and Senior Officers

4E  If a Member who was employed on account of professional or other special qualifications applies in writing to his Participating Employer he shall be granted Added Years of such amount as the Participating Employer decides on the advice of the Actuary and subject to not prejudicing Revenue Approval.

The Member shall contribute such sums and be subject to such terms and conditions as the Trustee decides, acting on the advice of the Actuary.

If the Member leaves Service before all contributions due under this Rule have been paid (other than as a result of death or Incapacity), the Added Years granted shall, subject to the following paragraph, be reduced by the Trustee on the advice of the Actuary.

If the Member’s contributions were payable from the date of grant of Added Years until a date specified by the Trustee under this Rule and equal to:

(i) contributions under Rule 3B (Normal Contributions by Members) (or under rule 11(2) of the BR Pension Scheme, as appropriate)

multiplied by;

(ii) the number of Added Years

and divided by;

(iii) the number of years between the date of grant of Added Years and the date specified by the Trustee under this Rule

then the Added Years shall be reduced to;

(iv) the Added Years, but for this paragraph

multiplied by;

(v) the number of years during which contributions have been paid under this Rule, ignoring any contributions which have been refunded

and divided by;

(vi) the number of years between the date of grant and the date specified by the Trustee under this Rule.

The Participating Employer may permit a Member to whom the above paragraph applies to have the reduction wholly or partially waived on the payment by the Member of a lump sum determined by the Trustee on the advice of the Actuary.