The Railways Pension Scheme Order 1994

OPTING OUT

16.  A Member may at any time opt out of the Section by giving 3 months' notice to the Participating Employer and the Trustee. The Member shall be treated as if he had left Service on the day the notice expires except that:

(a)if the Member gives notice to opt out within a month after joining the Section, the Participating Employer and the Trustee shall take appropriate action so that the Member is treated as never having been included in the Section;

(b)no pension or lump sum shall be paid to the Member until the Member actually leaves Service (or reaches age 60, if earlier).

A Member who opts out of the Section may rejoin the Section only with the consent of the Participating Employer and the Trustee.