THE SCHEDULEPENSION TRUST OF THE RAILWAYS PENSION SCHEME

Appendix 2THE ARRANGEMENTS AND RULES GOVERNING THE ARRANGEMENTS

The Arrangements of the Scheme are the Shared Cost Arrangement, the Defined Benefit Arrangement and the Defined Contribution Arrangement.

PART 1RULES OF THE SHARED COST ARRANGEMENT

Members with no Personal Representatives

18D  If a sum not exceeding £5,000 or such limit as may be determined by Regulations made by the Treasury which further amend regulation 1 of the Superannuation (Various Service) Regulations 1938(1) is payable to a Member’s personal representatives and the Member has for the time being no personal representatives, the Trustee may pay the amount due to such person at such times and in such manner as it thinks fit in order that the sum may be applied as part of the Member’s estate or for the benefit of the spouse, relatives or dependants as the Trustee may determine. The Section shall not be liable to make any further payment in respect of the Member.

If a Member dies intestate in circumstances where but for this paragraph the residuary estate would fall to be treated as bona vacantia, nothing shall be payable to the Member’s estate.

(1)

S.I. 1938/3043 as amended by the Administration of Estates (Small Payments) Act 1965 (c. 32) section 1(1)(c).