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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 2RULES OF THE DEFINED BENEFIT ARRANGEMENT

Early Retirement through Incapacity

5D  A Member who leaves Service before Minimum Pension Age because of Incapacity having completed at least 2 years' Pensionable Service shall receive an immediate pension calculated as described in Rule 5A (Minimum Pension Age) and payable from the day after the date of leaving Service.

The Trustee must be satisfied that the immediate pension is at least equal in value to the preserved pension (including future increases) to which the Member would otherwise have become entitled on leaving Service (see Rule 9 (Early Leavers)).

Until Minimum Pension Age the Trustee may from time to time require evidence of continued Incapacity and, if not satisfied, may suspend the pension for any period or periods before Minimum Pension Age or reduce it to not less than would have been paid if Rule 5C (Early Retirement (not Incapacity)) had applied (but reduced on the advice of the Actuary if the Member has given up his pension for a lump sum or Dependant’s pension, and disregarding the usual age limit of 50). Any pensions payable on the Member’s death shall be adjusted appropriately on the advice of the Actuary.