Article 2 Establishment of Pension Scheme

There shall be established by the London Board as on the 1st October 1966 a pension scheme, to be known as the London Transport (Male Wages Grades) Pension Scheme, under which provision is made for pensions and other benefits for male employees of the London Board in whole time employment in the wages grades and for certain other persons who have existing rights under the 1954 Scheme in connection with the whole time employment in the wages grades of male employees by the London Board, or by a body exercising functions now exercisable by the London Board, before the 1st October 1966.

Subject to the provisions of this Order this Scheme shall be in accordance with the Rules set out in the Schedule to this Order and shall be administered as provided for in those Rules.

The provisions of the 1964 Pensions Order (so far as applicable) shall apply in relation to this Scheme as if it were an existing scheme within the meaning of that Order and as if the London Board were the successor body for such scheme and the Rules set out in the Schedule to this Order shall have effect subject to those provisions.

In relation to certain of the categories of members and persons entitled to benefits the Rules set out in the Schedule to this Order shall have effect subject to the provisions of Articles 4 to 8 of this Order.