# The British Railways Board (Central Trust) Order 1974, Note: Explanatory note


This Order provides for the transfer of the assets and liabilities of certain railway pension schemes to the trustees of a central trust established by the British Railways Board in connection with the funding of pension scheme obligations under section 5 of the Railways Act 1974. The rights of the members of, and the beneficiaries from, the various pension schemes are preserved and provision is made to protect them against any possible worsening of their position.

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Source: https://www.legislation.gov.uk/uksi/1974/2001/note (the official version)
Page: https://openlegislation.uk/british-railways-board-central-trust-order-1974/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.