UK Statutory Instrument 1994 United Kingdom

The Railways Pension Scheme Order 1994

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8 compliance obligations

What this Act requires

Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.

Schedules

Browse 15 other Schedules — structural / supplementary
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.

sch. appendix para. 15f

Discretionary Benefits

  • Trustee must provide discretionary benefits at employer request
sch. appendix para. 16

sch. appendix para. 16

  • Handle member opt-out requests in the pension scheme
sch. appendix para. 18c

Discretionary Benefits

  • Request enhanced or alternative pension benefits for your employees
sch. appendix para. 18e

sch. appendix para. 18e

  • Trustee must provide requested additional benefits if employer pays certified cost
sch. appendix para. 21

sch. appendix para. 21

  • Make good pension scheme shortfalls when they arise
sch. appendix para. 22c

Surplus Assets on winding–up

  • Trustee must distribute surplus pension assets to members and employers on winding-up
sch. appendix para. 3a

sch. appendix para. 3a

  • Pay pension contributions at 1.5 times employee contributions
sch. appendix para. 4b

Additional Contributions by Participating Employers

  • Pay additional contributions when employees make Additional Voluntary Contributions
Browse 156 other sections — procedural / definitional / commencement
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.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

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

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 from Professionals and Senior Officers

s.004

Additional Contributions for Senior Officers who were members of BRASS–SO

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

s.006

Actuarial Valuations

s.006

Annual Reports

s.006

Early Retirement Level Pension Option

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

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

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

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

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

Participating in a Section

s.012

Change of Franchise Operator

s.012

State Graduated Retirement Benefits

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.015

Purchase of Pensions

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

Discretionary Benefits

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

Time of Termination

s.016

Use of Assets on Termination

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

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

Discretionary Benefits

s.018

Transfers

s.018

GMPs

s.018

Trivial Benefits

s.019

Override

s.019

GMP Increase

s.019

State Graduated Retirement Benefits

s.021

Time and manner of winding–up

s.021

Surplus Assets

s.022

Time and manner of winding–up

s.022

Priority of Benefits

s.022

Surplus Assets on winding–up

s.art001

Citation, commencement and interpretation

s.art002

Establishment of the Railways Pension Scheme

s.art003

Designation of the joint industry scheme

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