THE SCHEDULEPENSION TRUST OF THE RAILWAYS PENSION SCHEME

Appendix 4PENSIONS COMMITTEE

Procedure at Committee Meetings

At all meetings of the Pensions Committee, a quorum shall consist of 50% of the Members' Appointees and 50% of the Participating Employers' Appointees. One of those present must be either the Chairman or Deputy Chairman. No resolution of the Pensions Committee shall be regarded as carried unless it has been approved by the majority of the Members present.