# The British Railways Board (Winding up of Closed Pension Funds) Order 1978, Article 3: Entitlement of members of pension fund on winding up


(1) On the winding up date of pension fund to which the Order applies every member of that fund who is then in the service but who has not attained the age of 70 (if a man) or 65 (if a woman) shall be deemed to leave the service on that date for the purposes of that fund, notwithstanding that he may actually remain in the service after that date.
(2) A member of a pension fund who is by virtue of paragraph (1) above deemed to leave the service on the winding up date of that fund shall—
(a) if he has attained minimum pension age, be entitled to receive benefit from that fund as if he had retired from the service on that date,
(b) if he has not attained minimum pension age, be entitled to receive benefit from that fund as if he had left the service on that date and, in a case where the pension fund is the Amalgamated Fund, had (unless the Board in their sole discretion otherwise decide) elected to take all his benefits in the form of a deferred pension (including, to the extent sanctioned by the relevant terms of the Amalgamated Fund, a deferred lump sum).

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Source: https://www.legislation.gov.uk/uksi/1978/1358/article/3 (the official version)
Page: https://openlegislation.uk/british-railways-board-winding-up-of-closed-pension-funds-order-1978/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.