The Railways Pension Scheme Order 1994 No. 1433

THE SCHEDULE PENSION TRUST OF THE RAILWAYS PENSION SCHEME

Appendix 2 THE 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 3 RULES OF THE DEFINED CONTRIBUTION ARRANGEMENT

Expenses and Sums Due

18B  The Trustee shall first pay all sums due before the Participating Employers ceased to participate in the Section for those Members in respect of whom the Section had ceased to apply (including lump sums in respect of Members who have died within 2 years before the Participating Employers ceased to participate in the Section). The Trustee shall then set aside sufficient assets to pay the expenses of the winding–up.