The Railways Pension Scheme Order 1994

Additional Contributions by Participating Employers

4B  If a Member makes Additional Voluntary Contributions under Rule 4A (Additional Voluntary Contributions by Members) his Participating Employer shall make an additional contribution in respect of the Member. The additional contribution shall be equal to the Member’s Additional Voluntary Contributions or, if less, 5% of the Member’s Pensionable Pay and shall be applied as set out in Appendix 3. But the Participating Employer may notify the Trustee:—

(i) that this Rule shall not apply to a Member who starts to make Additional Voluntary Contributions after a date decided by the Participating Employer (“the relevant date”) (except that a Participating Employer shall continue to make additional contributions under this Rule in respect of a Protected Person who becomes a Member after the relevant date and whose previous employer was also making or was treated as making additional contributions under the equivalent rule of its Section, such additional contributions to be of the same amount as his previous employer was making or was treated as making); and

(ii) that contributions paid by the Participating Employer in respect of any Member (including a Protected Person who becomes a Member after the relevant date) under this Rule shall not be increased after the relevant date.

If the Participating Employer does so notify the Trustee, the Trustee shall notify the Member.

However, if and for so long as the Participating Employer makes no contributions under Rule 3A (Normal Contributions by Participating Employers) the Participating Employer shall make no contributions under this Rule 4B and instead the Section Assets shall be applied to meet the Participating Employer’s obligations under this Rule 4B.