# The British Waterways Board (Alteration of Pension Schemes) Order 1971, Article 6: Alterations in the terms of certain insurance schemes


(1) This Article shall apply to the pension schemes listed in Schedule 2 to this Order.
(2) Where a member of a pension scheme to which this Article applies becomes a member of the New Fund on or after the 14th May 1971, the following provisions shall have effect:—
(a) upon the date of his admission to membership of the New Fund he shall (subject to this Order) cease to be liable to pay contributions to that scheme; and
(b) as soon as may be after that date the Board shall make such arrangements as may be appropriate to secure to that member by means of non-assignable and non-commutable insurance policies his accrued pension rights in that scheme.

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Source: https://www.legislation.gov.uk/uksi/1971/629/article/6 (the official version)
Page: https://openlegislation.uk/british-waterways-board-alteration-of-pension-schemes-order-1971/article-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.