{
  "url": "https://openlegislation.uk/british-railways-board-alteration-of-pension-schemes-order-1973",
  "json_url": "https://openlegislation.uk/british-railways-board-alteration-of-pension-schemes-order-1973.json",
  "id": "uksi/1973/2019",
  "title": "The British Railways Board (Alteration of Pension Schemes) Order 1973",
  "short_title": "British Railways Board (Alteration of Pension Schemes) 1973",
  "long_title": "This Order relates to certain railway pension funds of the British Railways Board and to the British Transport Docks Board (Salaried Staff) Pension Scheme. It terminates (Article 3) the existing powers of the persons administering the railway pension funds to apply to the general purposes of the Board's undertaking, or to invest by way of deposit with the Board, moneys belonging to those funds. It also provides (Articles 4, 5 and 6) for the payment by the Board of interest at current rates on the existing deposits with the Board belonging to the railway pension funds and to the British Transport Docks Board (Salaried Staff) Pension Scheme, and for the redemption by the Board of the capital of those deposits in annual instalments spread over the years 1974 to 1978 (inclusive). Additional investment powers are given to certain pension funds (Article 7 and Schedule 3) and provision is made for certain transfer value payments to have the benefit of the effect of the Order (Article 8).",
  "citation": "S.I. 1973/2019",
  "type": "uksi",
  "year": "1973",
  "number": "2019",
  "version": "current",
  "date": "1973-11-30",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/british-railways-board-alteration-of-pension-schemes-order-1973/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
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      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Commencement, citation and interpretation",
      "url": "https://openlegislation.uk/british-railways-board-alteration-of-pension-schemes-order-1973/article-1",
      "extent": null,
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    },
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      "number": "2",
      "heading": "Application of Order",
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      "extent": null,
      "status": null,
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    },
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      "path": "article/3",
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      "number": "3",
      "heading": "Termination of certain investment powers",
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      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/4",
      "kind": "article",
      "number": "4",
      "heading": "Provisions with respect to existing deposits",
      "url": "https://openlegislation.uk/british-railways-board-alteration-of-pension-schemes-order-1973/article-4",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/5",
      "kind": "article",
      "number": "5",
      "heading": "Interest on deposits",
      "url": "https://openlegislation.uk/british-railways-board-alteration-of-pension-schemes-order-1973/article-5",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/6",
      "kind": "article",
      "number": "6",
      "heading": "Redemption of capital of deposits",
      "url": "https://openlegislation.uk/british-railways-board-alteration-of-pension-schemes-order-1973/article-6",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/7",
      "kind": "article",
      "number": "7",
      "heading": "Widened investment powers for certain funds",
      "url": "https://openlegislation.uk/british-railways-board-alteration-of-pension-schemes-order-1973/article-7",
      "extent": null,
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      "parent": null
    },
    {
      "path": "article/8",
      "kind": "article",
      "number": "8",
      "heading": "Saving for existing provisions with respect to transfer values",
      "url": "https://openlegislation.uk/british-railways-board-alteration-of-pension-schemes-order-1973/article-8",
      "extent": null,
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      "parent": null
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/british-railways-board-alteration-of-pension-schemes-order-1973/signature",
      "extent": null,
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    },
    {
      "path": "schedule/1",
      "kind": "schedule",
      "number": "1",
      "heading": "Railway Pension Funds holding deposits with the Board",
      "url": "https://openlegislation.uk/british-railways-board-alteration-of-pension-schemes-order-1973/schedule-1",
      "extent": null,
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    },
    {
      "path": "schedule/2",
      "kind": "schedule",
      "number": "2",
      "heading": "Other Pension Fund of national transport authority holding deposits with the Board",
      "url": "https://openlegislation.uk/british-railways-board-alteration-of-pension-schemes-order-1973/schedule-2",
      "extent": null,
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    },
    {
      "path": "schedule/3",
      "kind": "schedule",
      "number": "3",
      "heading": "Railway Pension Funds to which widened investment powers are given",
      "url": "https://openlegislation.uk/british-railways-board-alteration-of-pension-schemes-order-1973/schedule-3",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "note",
      "kind": "note",
      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/british-railways-board-alteration-of-pension-schemes-order-1973/note",
      "extent": null,
      "status": null,
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    }
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      "language": null,
      "date": "1973-12-10",
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      "url": "https://openlegislation.uk/british-railways-board-alteration-of-pension-schemes-order-1973/pdf/uksi_19732019_en.pdf",
      "source_url": "https://www.legislation.gov.uk/uksi/1973/2019/pdfs/uksi_19732019_en.pdf"
    }
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  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1973/2019",
    "retrieved_at": "2026-10-29T21:57:15.064680+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}