The Railways Pension Scheme Order 1994

Discretionary Benefits

18E  At the request of a Participating Employer and if the Participating Employer pays any additional contributions that the Actuary has certified as being the amount required to meet the full cost of providing the benefits then the Trustee shall provide the following benefits:

(a) increased or additional benefits in respect of any Member;

(b) benefits in respect of any Member different, or on different terms, from those set out elsewhere in the Rules; or

(c) benefits in respect of any Employee or former Employee or any spouse or dependant of a former Employee (or for any other person for whom the Inland Revenue permit the Section to provide benefits).

If however the Participating Employer does not meet the full cost as certified by the Actuary, the consent of the Trustee (having considered actuarial advice) is required before any of these benefits can be provided.

Any benefits provided under this Rule shall be consistent with the Contracting–out, Preservation, Revaluation and Transfer Value Laws and with Revenue Approval.