UK Statutory Instrument SI 1994/1433 United Kingdom

The Railways Pension Scheme Order 1994

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Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Trustee4 Employer4

Other Acts binding the same actors

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Trustee — also bound by 104 other Acts
Charities Act 2011 27 duties
Employer — also bound by 682 other Acts
TULRCA 1992 72 duties

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

sch. appendix para. 15f Discretionary Benefits Regulated
  • Trustee must provide discretionary benefits at employer requestTrustee
sch. appendix para. 16 sch. appendix para. 16 Regulated
  • Handle member opt-out requests in the pension schemeTrustee
sch. appendix para. 18c Discretionary Benefits Regulated
  • Request enhanced or alternative pension benefits for your employeesEmployer
sch. appendix para. 18e Discretionary Benefits Regulated
  • Trustee must provide requested additional benefits if employer pays certified costTrustee
sch. appendix para. 21 SHORTFALL Regulated
  • Make good pension scheme shortfalls when they ariseEmployer
sch. appendix para. 22c Surplus Assets on winding–up Regulated
  • Trustee must distribute surplus pension assets to members and employers on winding-upTrustee
sch. appendix para. 3a sch. appendix para. 3a Regulated
  • Pay pension contributions at 1.5 times employee contributionsEmployer
sch. appendix para. 4b Additional Contributions by Participating Employers Regulated
  • Pay additional contributions when employees make Additional Voluntary ContributionsEmployer
149 other provisions — procedural and definitional
sch. appendix MEANING OF WORDS USED
sch. appendix para. 10a sch. appendix para. 10a
sch. appendix para. 11 MEMBERS AWAY FROM WORK
sch. appendix para. 11a Early Pension
sch. appendix para. 11b Late Pension
sch. appendix para. 12 MATERNITY
sch. appendix para. 13b Temporary Absence through Injury or Ill–Health
sch. appendix para. 13c Secondment
sch. appendix para. 14 SHORTFALL
sch. appendix para. 15 PART–TIME EMPLOYMENT
sch. appendix para. 15a Purchase of Pensions
sch. appendix para. 16a Time of Termination
sch. appendix para. 18b Off–Set for Crime, Fraud or Negligence
sch. appendix para. 18d Serious Ill–Health
sch. appendix para. 20 SURPLUS ASSETS
sch. appendix para. 3b sch. appendix para. 3b
sch. appendix para. 4e Additional Contributions from Professionals and Senior Officers
sch. appendix para. 5 MEMBER'S ACCUMULATED FUND
sch. appendix para. 5a sch. appendix para. 5a
sch. appendix para. 5b Late Retirement
sch. appendix para. 5d Early Retirement through Incapacity
sch. appendix para. 6a Lump Sum
sch. appendix para. 7a Member’s Right to Transfer or "Buy–Out"
sch. appendix para. 8a Early Benefits
sch. appendix para. 9b Pension for spouse of a Member who ceased to contribute to the BR Pension Scheme before 1st July 1986 and dies on or after 1st July 1988
s.001 MEANING OF WORDS USED (opens in a new tab)
s.002 TRUSTEE (opens in a new tab)
s.002 Constitution
s.002 Delegation
s.002 Expenses and Charges
s.002 Limit of Liability
s.002 Trustee Insurance
s.002 Trustee Indemnity
s.002 Fiduciary Duty
s.003 THE SCHEME SECTIONS (opens in a new tab)
s.003 Participation of Participating Employers
s.003 Participating Employer establishing or participating in a Section
s.003 Arrangements
s.003 Defined Benefit Arrangement
s.003 Defined Contribution Arrangement
s.003 Participating Employer establishing more than one Section
s.003 Change of Terms
s.003 New Designated Employer
s.004 PENSIONS COMMITTEE (opens in a new tab)
s.004 Setting up a Pensions Committee
s.004 Delegation
s.004 Expenses
s.004 Additional Contributions by Members who are Protected Persons for Antedating Membership
s.004 Additional Contributions for Senior Officers who were members of BRASS–SO
s.005 ASSETS OF THE SCHEME (opens in a new tab)
s.005 Contributions by Participating Employers
s.005 Payment of Participating Employers' Contributions
s.005 Payment of Members' Contributions
s.005 Interest on Late Payment
s.005 Assets held on Trust
s.005 Application of Assets
s.005 Consultation with Pensions Committees
s.006 ACCOUNTS, ACTUARIAL VALUATIONS AND ANNUAL REPORTS (opens in a new tab)
s.006 Accounts
s.006 Actuarial Valuations
s.006 Annual Reports
s.006 Early Retirement Level Pension Option
s.007 GENERAL PROVISIONS ABOUT SCHEME BENEFITS (opens in a new tab)
s.007 Payment of Benefits
s.007 Deduction of Tax
s.007 Beneficiary who is Incapable
s.007 Benefits not Assignable
s.007 Forfeiture of Benefits
s.007 Notices
s.007 Inland Revenue Limits
s.007 Protected Persons
s.008 SCHEME BENEFITS — POWERS OF TRUSTEE (opens in a new tab)
s.008 Commutation Triviality
s.008 Transfers–in
s.008 Transfers–out
s.008 Buy–Outs
s.008 Early Retirement Level Pension Option
s.008 Young Spouse
s.009 CONTRACTING–OUT (opens in a new tab)
s.009 Overrides other Provisions
s.009 GMPs
s.009 Late Retirement
s.009 Early Leavers
s.009 Anti–Franking
s.009 Transferred GMPs
s.009 Other Contracting–out Requirements
s.010 CEASING TO PARTICIPATE (opens in a new tab)
s.010 When Participation Ceases
s.010 One Participating Employer in a Section ceases to Participate
s.010 All Participating Employers in a Section cease to Participate
s.010 Participating Employer transfers between Sections
s.011 WINDING–UP A SECTION WHERE ALL EMPLOYERS CEASE TO PARTICIPATE (opens in a new tab)
s.011 All Participating Employers in a Section cease to Participate
s.011 Expenses and Sums Due
s.011 Buying Annuities
s.011 Additional Voluntary Contributions
s.011 Transfers
s.011 Surplus Assets on Winding–up
s.011 GMPs
s.011 Trivial Benefits
s.011 Defined Contribution Arrangement
s.012 CHANGE OF FRANCHISE OPERATOR OR SALE OF BUSINESS (opens in a new tab)
s.012 Participating in a Section
s.012 Change of Franchise Operator
s.012 State Graduated Retirement Benefits
s.013 CHANGING THE PENSION TRUST AND RULES (opens in a new tab)
s.013 Changing the Pension Trust or Rules generally
s.013 Changing only the Rules of a Section
s.013 Restrictions on Changes
s.013 Benefits for Members away from Work
s.014 GOVERNING LAW (opens in a new tab)
s.015 APPLICATION OF ASSETS (opens in a new tab)
s.015 Pension Increases
s.015 Duration of Member’s Pension
s.015 Duration of Survivor’s Pension
s.015 Off–Set for Crime, Fraud or Negligence
s.015 Serious Ill–health
s.015 Trustee’s Discretion to accept Transfers–in
s.015 Trustee’s Discretion to Transfer–out
s.015 Trustee’s Discretion to “Buy–out”
s.016 WINDING–UP THE SECTION (opens in a new tab)
s.016 Use of Assets on Termination
s.017 GUARANTEE (opens in a new tab)
s.017 Members who joined the BR Pension Scheme before 1st June 1989
s.017 Members who were members of the BR Pension Scheme on 16th September 1991
s.017 BR Members who transferred from certain railway pension schemes to the New Section
s.017 BR Members who joined the British Railways (Wages Grades) Pension Fund on 14th August 1967, 7th April 1975 or 6th April 1978
s.018 CHANGING THE RULES (opens in a new tab)
s.018 Pension Increases
s.018 Off–Set for Crime or Fraud
s.018 Discretionary Death Benefit Trusts
s.018 Members with no Personal Representatives
s.018 Transfers
s.018 GMPs
s.018 Trivial Benefits
s.019 CONTRACTING–OUT AND STATE GRADUATED RETIREMENT BENEFITS (opens in a new tab)
s.019 Override
s.019 GMP Increase
s.019 State Graduated Retirement Benefits
s.020 SURPLUS ASSETS (opens in a new tab)
s.021 Time and manner of winding–up
s.021 Surplus Assets
s.022 WINDING–UP THE SECTION (opens in a new tab)
s.022 Time and manner of winding–up
s.022 Priority of Benefits
s.023 CHANGING THE RULES (opens in a new tab)
s.art001 Citation, commencement and interpretation
s.art002 Establishment of the Railways Pension Scheme
s.art003 Designation of the joint industry scheme
Schedules

Schedules

0 of 15 shown
15 other schedules
s.schedule/appendix/1/appendix/1/part/2/appendix/1/p PENSIONS COMMITTEE
s.schedule/appendix/1/appendix/1/part/2/appendix/1/p Composition
s.schedule/appendix/1/appendix/1/part/2/appendix/1/p Appointees
s.schedule/appendix/1/appendix/1/part/2/appendix/1/p Chairman and Deputy Chairman of the Committee
s.schedule/appendix/1/appendix/1/part/2/appendix/1/p Secretary
s.schedule/appendix/1/appendix/1/part/2/appendix/1/p Procedure at Committee Meetings
s.schedule/appendix/2/appendix/2/part/11/chapter/2/a NOTE:
s.schedule/appendix/2/appendix/2/part/7/appendix/2/p FACTOR A
s.schedule/appendix/2/appendix/2/part/7/appendix/2/p FACTOR B
s.schedule/appendix/4/appendix/4/paragraph/1n1 Establishment
s.schedule/appendix/4/appendix/4/paragraph/1n2 Composition
s.schedule/appendix/4/appendix/4/paragraph/1n3 Appointees
s.schedule/appendix/4/appendix/4/paragraph/1n4 Chairman and Deputy Chairman of the Committee
s.schedule/appendix/4/appendix/4/paragraph/1n5 Procedure at Committee Meetings
s.schedule/paragraph/1n2 The Trustee may add to the above options subject to Clause 13 (Changing the Pension Trust and Rules) and to Revenue Approval.

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