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The Railway Pensions (Substitution and Miscellaneous Provisions) Order 1995

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  1. Introductory Text

  2. 1.Citation, commencement and interpretation

  3. 2.The date which, for the purposes of section 52B of...

  4. 3.As at the termination date in relation to the Paragraph...

  5. 4.The date which, for the purposes of section 52B of...

  6. 5.As at the termination date in relation to the Paragraph...

  7. 6.(1) Schedules 1 and 2 to this Order shall have...

  8. 7.(1) The obligations to make payments under Schedules 1 and...

  9. 8.Schedule 3 to this Order shall have effect for the...

  10. Signature

    1. SCHEDULE 1

      PAYMENTS OF CAPITAL AND INTEREST IN RESPECT OF ONE HALF OF THE SUM OF THE CAPITAL VALUES SPECIFIED IN ARTICLES 3 AND 5

      1. PART I

        1. 1.(1) In this Schedule— “outstanding balance”, in relation to any...

      2. PART II

        1. 2.The Secretary of State shall, in respect of each Table...

        2. 3.(1) Interest shall accrue from 13th April 1995 to 13th...

        3. 4.(1) Interest shall accrue from 13th April 1995 to 13th...

        4. 5.(1) Where paragraph 2 requires the Secretary of State to...

    2. SCHEDULE 2

      PAYMENTS OF CAPITAL AND INTEREST IN RESPECT OF THE REMAINING ONE HALF OF THE SUM OF THE CAPITAL VALUES SPECIFIED IN ARTICLES 3 AND 5

      1. 1.(1) In this Schedule, unless the context otherwise requires— “outstanding...

      2. 2.(1) Subject to the provisions of paragraphs 4 and 11,...

      3. 3.(1) Subject to the provisions of paragraphs 4 and 11,...

      4. 4.(1) Subject to the following provisions of this paragraph, if...

      5. 5.(1) Interest shall accrue from 13th April 1995 to 13th...

      6. 6.(1) Subject to the provisions of paragraph 8, during each...

      7. 7.(1) A proportion of the interest (“the total of the...

      8. 8.(1) During each relevant period from 13 October immediately following...

      9. 9.(1) The amount of any payment required to be paid...

      10. 10.Subject to the provisions of paragraph 11 where, in respect...

      11. 11.(1) If, on any relevant date in relation to any...

      12. 12.On 14th October 2094 the Secretary of State shall pay...

    3. SCHEDULE 3

      AMENDMENTS OF THE RAILWAY PENSIONS (SUBSTITUTION) ORDER 1994

      1. PART I

        1. 1.In this Schedule, unless the context otherwise requires, any reference—...

      2. PART II

        1. 2.Schedule 1 to the 1994 Order shall be amended in...

        2. 3.In paragraph 4— (a) in sub–paragraph (2) at the end...

        3. 4.Paragraph 5 shall be deleted.

        4. 5.In paragraph 6— (a) in sub–paragraph (1) for the words...

      3. PART III

        1. 6.Schedule 2 to the Order shall be amended in accordance...

        2. 7.In paragraph 1(1)— (a) before the definition of “outstanding balance”...

        3. 8.In paragraphs 2(3), for the definition of “relevant amounts”, there...

        4. 9.In paragraph 3— (a) in sub–paragraph (1)—

        5. 10.In paragraph 4— (a) in sub–paragraph (1)—

        6. 11.In paragraph 5 in sub–paragraph (3) at the end there...

        7. 12.In paragraph 6— (a) in sub–paragraph (2) the words “(except...

        8. 13.In paragraph 7— (a) in sub–paragraph (1) after the words...

        9. 14.In paragraph 8— (a) in sub–paragraph (5) for the words...

        10. 15.In paragraph 9(1) for the words “the persons administering the...

        11. 16.For paragraph 10 there shall be substituted the following— Subject to the provisions of paragraph 11 where, in respect...

        12. 17.In paragraph 11— (a) for sub–paragraphs (1) and (2) there...

  12. Explanatory Note

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