The British Transport (Pensions of Employees) (No. 1) Order 1968

Application of the Order

2.—(1) This Order applies to every established scheme, that is to say, to every transport pension scheme which is in existence on the 1st January 1969 and which is either—

(a) an existing scheme within the meaning of the British Transport Re-organisation (Pensions of Employees) (No. 1) Order 1964(1), or

(b) a pension scheme established under section 74 of the Transport Act 1962, or

(c) any other pension scheme in which employees of, or of a subsidiary of, the Railways Board or the Holding Company are participating immediately before the 1st January 1969.

(2) Every established scheme shall, subject to the provisions of paragraph (3) of this Article, be construed and have effect as if the provisions of this Order were terms of the scheme, any other term thereof, whether express or implied, to the contrary notwithstanding, and each nationalised transport body shall, for the purposes of giving effect to this Order, be bound by the terms of every such scheme.

(3) The rights to continue to participate in or to enter or re-enter an established scheme given by this Order shall be additional to any similar rights existing under the terms of that scheme apart from the provisions of this Order and nothing in this Order shall derogate from such rights where they subsist.

(1)

(1964 II, p. 3034).