The Railways Pension Scheme Order 1994

Rule 17E

SCHEDULE 2 TO THE RULES OF THE SHARED COST ARRANGEMENT BR MEMBERS WHO JOINED THE BRITISH RAILWAYS (WAGES GRADES) PENSION FUND (“THE WAGES FUND”) ON 14TH AUGUST 1967, 7TH APRIL 1975 OR 6TH APRIL 1978

(1) A Member who joined the Wages Fund on 14th August 1967 and who did not before 1st April 1987 transfer to the New Section shall be granted a period of additional Pensionable Service equal to whichever is the greater of:

(A) 4 months for each complete year of service between attaining age 25 and 1st October 1954 up to a maximum of 7 years;

or

(B) one year for each complete year of service between 2nd October 1947 and 1st October 1954 up to a maximum period of:

Age of Member on 14th August 1967	Maximum period of Pensionable Service
58	7 years
57	6 years
56	5 years
55	4 years
54	3 years
53	2 years
52	1 year
51 or less	Nil

(2) A Member who immediately prior to joining the Wages Fund on 14th August 1967 was a member of:

(i) a pension scheme mentioned in part 2, 3 or 4 of Schedule 10;

(ii) the Pullman Car Company Limited Male Wages Grades Employees Superannuation Fund and Life Assurance Scheme;

(iii) the British Transport Commission Staff Assurance Scheme (W. H. Smith & Sons Pension Fund);

(iv) the Frank Mason & Co. Ltd. Staff Pension Scheme; or

(v) the Sharpness Docks Pension Scheme,

and who did not before 1st April 1987 transfer to the New Section shall be subject to the provisions set out in part 1 of Schedule 10.

(3) (a) This paragraph applies to a Member who immediately prior to joining the Wages Fund on 7th April 1975 or 6th April 1978 was a member of the British Transport Commission (Male Wages Grades) Pension Scheme, and who did not subsequently transfer to the New Section.

(b) The Member shall be granted a Preserved Death Benefit and a preserved pension equal respectively to the death benefit and pension he had accrued in the said Scheme on the date he left it without any reduction under rule 31 of the rules of the said Scheme.

(4) A Member who immediately before joining the Wages Fund on 7th April 1975 or 6th April 1978 was a member of one of the following pension schemes:

(i) the London Midland and Scottish (L.N.W.) Provident and Pension Society;

(ii) the London Midland and Scottish (North Staffordshire Section) Friendly Society;

(iii) the Metropolitan Railway Pension Fund;

(iv) the North Eastern Railway Servants' Pension Society;

(v) the Great Western Railway Locomotive and Carriage Department Sick Fund Society;

(vi) the Great Western Railway Inspectors' and Foremen’s Special Pension Fund;

(vii) Thos. Bantock & Co. Benevolent and Pension Fund(1);

and who did not subsequently transfer to the New Section shall be granted such additional benefits as the actuary to the Wages Fund determined should be granted in that Fund.

(5) (a) (i) This paragraph applies to Members who immediately prior to joining the Wages Fund on 7th April 1975 were entitled to a pension under scheme numbers 123—126, 220, 221, 223, 225, 227, 229, 251—253, 321, 322 or 340 of part 2 of Schedule 10, and who did not subsequently transfer to the New Section.

(ii) Members who immediately prior to joining the Wages Fund on 14th August 1967 were entitled to a pension under scheme numbers 123—126, 220, 221, 223, 225, 227, 229, 251—253, 321, 322 or 340 of part 2 of Schedule 10 may elect, within such time limit as may be imposed by the Participating Employer, that this paragraph shall apply to them instead of paragraph (1), and instead of paragraph (2) insofar as it relates to the said schemes.

(b) A Member to whom this paragraph applies shall be granted a period of Pensionable Service equal to the period of credited membership granted in the Wages Fund under the provisions of rule 5(5)(b) of the Wages Fund.

(1)

Copies of the Schemes mentioned can be obtained from Railway Pensions Management Limited, Stooperdale Offices, Brinkburn Road, Darlington DL3 6EH.