Introductory text

Whereas the 1994 Pensioners “B” Section of the Railways Pension Scheme (being a new scheme within the meaning of Schedule 11 to the Railways Act 1993^f1) has been wound up by virtue of the operation of Rule 19 of the Rules of that section and its assets and liabilities transferred to the 1994 Pensioners “A” Section of that scheme;

And whereas the name of the 1994 Pensioners “A” Section has been changed to the 1994 Pensioners Section;

And whereas on 4th December 2000 the Secretary of State^f2 gave a guarantee under paragraph 11 of Schedule 11 to the Railways Act 1993 in relation to the 1994 Pensioners Section, in substitution for the guarantees given by him under that paragraph on 8th and 30th September 1994;

And whereas the Secretary of State has laid before each House of Parliament a copy of the first mentioned guarantee in accordance with section 52D(3) of the Transport Act 1980^f3;

And whereas the 1994 Pensioners Section includes the Article 2 Section and the Article 5 Section, (which sections are designated in the following Order under paragraph 10(1) of Schedule 11 to the Railways Act 1993);

And whereas the Secretary of State has consulted the trustees of the Article 2 Section and the Article 5 Section in accordance with section 52D(1) of the Transport Act 1980;