THE SCHEDULEPENSION TRUST OF THE RAILWAYS PENSION SCHEME

Appendix 2THE ARRANGEMENTS AND RULES GOVERNING THE ARRANGEMENTSThe Arrangements of the Scheme are the Shared Cost Arrangement, the Defined Benefit Arrangement and the Defined Contribution Arrangement.

SCHEDULE 11 TO THE RULES OF THE SHARED COST ARRANGEMENTMEANING OF “PRESERVED BENEFITS”

3

In respect of a Member who immediately prior to 1st April 1987 was a member of the New Section and who joined the New Section on 14th September 1970:

i

Preserved Death Benefits;

ii

benefits granted under Schedule 1 para (4);

iii

benefits granted under Schedule 1 para (10);

iv

benefits granted under Schedule 1 paras (1), (2)(a) and (6)(c) and benefits granted under Rule 17B;

v

benefits in respect of credited membership; and

vi

benefits granted under Schedule 1 para (9)(b).