Explanatory note

This Order provides for termination of membership of, and rights in, the British Transport Commission (Male Wages Grades) Pension Scheme and certain other pension and insurance schemes, in the case of members in the service of the British Railways Board who join the new British Railways (Wages Grades) Pension Fund. Provision is also made for relieving new entrants to the service of the Board and certain other persons of any obligation to enter the British Transport Commission (Male Wages Grades) Pension Scheme. The Order provides, in addition, for the ascertainment of transfer values and for certain other consequential matters.