Explanatory note

This Order provides for the establishment and administration of a new pension scheme for male wages grades employed by the London Transport Board. It transfers to this scheme members of the British Transport Commission (Male Wages Grades) Pension Scheme who are employed by the London Transport Board and also pensioners under that scheme who immediately before their retirement were employed by the Board or its predecessor, the London Transport Executive. The terms and conditions of the new scheme are set out in the Rules which are scheduled to the Order.