Article 1 Citation, commencement and interpretation

This Order may be cited as the Railway Pensions (Designation, Substitution and Miscellaneous Provisions) Order 2001 and shall come into force on 13th July 2001.

In this Order—

• “the 1994 Order” means the Railway Pensions (Substitution) Order 1994^f1;

• “the 1995 Order” means the Railway Pensions (Substitution and Miscellaneous Provisions) Order 1995^f2;

• “actuarial valuation” means an actuarial valuation of the Railways Pension Scheme made by the actuaries under the second paragraph of Clause 6B (Actuarial Valuations) of the Railways Pension Scheme or such other actuarial valuation made by the actuaries as the Secretary of State and the trustee of the Railways Pension Scheme may agree shall constitute an actuarial valuation for the purposes of this Order;

• “actuaries” means the actuary appointed by the trustee of the Railways Pension Scheme under Clause 6B of that Scheme and the Government Actuary;

• “business day” means any day other than a Saturday, Sunday, Christmas Day, Good Friday or a day which is a Bank Holiday in England and Wales;

• “the Article 2 Section” means the section of the Railways Pension Scheme designated in article 2 of this Order as a pension scheme which is to be treated as included among those schemes which are B.R. pension schemes for the purposes of Part III of the Transport Act 1980;

• “the Article 3 Section” means the section of the Railways Pension Scheme designated in article 3 of this Order as a pension scheme which is to be treated as included among those schemes which are B.R. pension schemes for the purposes of Part III of the Transport Act 1980;

• “the Railways Pension Scheme” means the occupational pension scheme established by the Railways Pension Scheme Order 1994^f3;

• “retail prices index” means the general index of retail prices (for all items) published by the Central Statistical Office;

• “the Sections” means the Article 2 Section and the Article 3 Section;

• “valuation date” means, in relation to any actuarial valuation, the date at which that valuation is made; and

Where this Order requires any payment to be made on any particular day that payment shall be made on that day, or if that day is not a business day on the next following business day.

Except so far as the context otherwise requires, any reference in this Order to a numbered article is to the article in this Order which bears that number.