Paragraph 12
Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:
- Sch.2, para.1(1) (defn. of tne 1995 Order) added by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,7(a)
- Sch.2, para.1(1) (defn. of Table B amount) amended by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,7(b)
- Sch.2, para.2(3) (defn. of relevant amounts) substituted by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,8
- Sch.2, para.3(1) amended by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,9(a)
- Sch.2, para.3(2) (defn. of A) amended by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6.9(b)
- Sch.2, para.3(7) (defn. of relevant amounts) substituted by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,9(c)
- Sch.2, para.4(1) amended by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,10(a)
- Sch.2, para.4(2) amended by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,10(b)
- Sch.2, para.4(4)(5) substituted by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,10(c)
- Sch.2, para.5(3) amended by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,11
- Sch.2, para.6(2) rev. in pt. by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,12(a)
- Sch.2, para.6(4) (defn. of relevant date) substituted by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,12(b)
- Sch.2, para.7(1) amended by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,13(a)
- Sch.2, para.7(2) (defn. of X) amended by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,13(b) (i)
- Sch.2, para.7(2) (defn. of Y) substituted by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,13(b) (ii)
- Sch.2, para.7(2A) added by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,13(c)
- Sch.2, para.7(3) substituted by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,13(d)
- Sch.2, para.8(5) amended by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,14(a)
- Sch.2, para.8(6) amended by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,14(b) (i)
- Sch.2, para.8(6)(b) rev. in pt. by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,14(b) (ii)
- Sch.2, para.8(7) amended by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,14(c)
- Sch.2, para.8(8) (defn. of relevant date) substituted by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,14(d) (i)
- Sch.2, para.8(8) (defn. of A) amended by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,14(d) (ii)
- Sch.2, para.8(8) (defn. of CO and CO t-l) added by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,14(d) (iii)
- Sch.2, para.8(8) (defn. of L) revoked by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,14(d) (iv)
- Sch.2, para.8(8) (defn. of CO t-l) revoked by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,14(d) (v)
- Sch.2, para.8(9) amended by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,14(e)
- Sch.2, para.9(1) amended by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,15
- Sch.2, para.10 substituted by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,16
- Sch.2, para.11(1)(2) substituted by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras,6,17(a)
- Sch.2, para.11(4) (defns. of relevant actuarial valuation and relevant amount) substituted by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,17(b) (i)
- Sch.2, para.11(4) (defn. of relevant date) added by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,17(b) (ii)
- Sch.2, para.11(5) amended by Railway Pensions (Substitution and Miscellaneous Provisions) 1995 art.8, Sch.3, Pt.III, paras.6,17(c)
- Sch 2, para 1 defn(s) added by Railway Pensions (Designation, Substitution and Miscellaneous Provisions) 2001 art 7, Sch 2, paras 2, 3
- Sch 2, para 2 defn(s) subst by Railway Pensions (Designation, Substitution and Miscellaneous Provisions) 2001 art 7, Sch 2, paras 2, 4
- Sch 2, para 3 defn(s) subst by Railway Pensions (Designation, Substitution and Miscellaneous Provisions) 2001 art 7, Sch 2, paras 2, 5
- Sch 2, para 4 am by Railway Pensions (Designation, Substitution and Miscellaneous Provisions) 2001 art 7, Sch 2, paras 2, 6
- Sch 2, para 7 defn(s) subst by Railway Pensions (Designation, Substitution and Miscellaneous Provisions) 2001 art 7, Sch 2, paras 2, 7(a)
- Sch 2, para 7 am by Railway Pensions (Designation, Substitution and Miscellaneous Provisions) 2001 art 7, Sch 2, paras 2, 7(b)
- Sch. 2 para. 2(1) word substituted by Railway Pensions (Substitution) 2017 art. 3(a)
- Sch. 2 para. 3(1) word substituted by Railway Pensions (Substitution) 2017 art. 3(a)
- Sch. 2 para. 11(1) word substituted by Railway Pensions (Substitution) 2017 art. 3(a)
- Sch. 2 para. 2(3) words substituted by Railway Pensions (Substitution) 2017 art. 3(b)
- Sch. 2 para. 3(1) words substituted by Railway Pensions (Substitution) 2017 art. 3(c)
- Sch. 2 para. 3(7) words substituted by Railway Pensions (Substitution) 2017 art. 3(d)
- Sch. 2 para. 4(2) words substituted by Railway Pensions (Substitution) 2017 art. 3(e)
- Sch. 2 para. 7(A1) inserted by Railway Pensions (Substitution) 2017 art. 3(f)(i)
- Sch. 2 para. 7(1) words inserted by Railway Pensions (Substitution) 2017 art. 3(f)(ii)
- Sch. 2 para. 7(2) words substituted by Railway Pensions (Substitution) 2017 art. 3(f)(iii)
- Sch. 2 para. 7(4) words substituted by Railway Pensions (Substitution) 2017 art. 3(f)(iv)
On 14 October 2094 the Secretary of State shall pay the outstanding balance of each Table B amount.
Table B
| (1) | (2) |
|---|---|
| Year | Amount |
| £ million | |
| 2004 | 9.972 |
| 2005 | 18.708 |
| 2006 | 17.232 |
| 2007 | 15.826 |
| 2008 | 14.501 |
| 2009 | 13.250 |
| 2010 | 12.070 |
| 2011 | 10.971 |
| 2012 | 9.937 |
| 2013 | 8.978 |
| 2014 | 8.084 |
| 2015 | 7.260 |
| 2016 | 6.492 |
| 2017 | 5.779 |
| 2018 | 5.121 |
| 2019 | 4.524 |
| 2020 | 3.972 |
| 2021 | 3.469 |
| 2022 | 3.023 |
| 2023 | 2.611 |
| 2024 | 2.249 |
| 2025 | 1.928 |
| 2026 | 1.642 |
| 2027 | 1.396 |
| 2028 | 1.175 |
| 2029 | 0.984 |
| 2030 | 0.823 |
| 2031 | 0.422 |
| 2032 | 0.402 |
| 2033 | 0.387 |
| 2034 | 0.372 |
| 2035 | 0.356 |
| 2036 | 0.341 |
| 2037 | 0.326 |
| 2038 | 0.316 |
| 2039 | 0.301 |
| 2040 | 0.291 |
| 2041 | — |
| 2042 | — |
| 2043 | — |
| 2044 | — |
| 2045 | — |
| 2046 | — |
| 2047 | — |
| 2048 | — |
| 2049 | — |
| 2050 | — |
| 2051 | — |
| 2052 | — |
| 2053 | — |
| 2054 | — |
| 2055 | — |
| 2056 | — |
| 2057 | — |
| 2058 | — |
| 2059 | — |
| 2060 | — |
| 2061 | — |
| 2062 | — |
| 2063 | — |
| 2064 | — |
| 2065 | — |
| 2066 | — |
| 2067 | — |
| 2068 | — |
| 2069 | — |
| 2070 | — |
| 2071 | — |
| 2072 | — |
| 2073 | — |
| 2074 | — |
| 2075 | — |
| 2076 | — |
| 2077 | — |
| 2078 | — |
| 2079 | — |
| 2080 | — |
| 2081 | — |
| 2082 | — |
| 2083 | — |
| 2084 | — |
| 2085 | — |
| 2086 | — |
| 2087 | — |
| 2088 | — |
| 2089 | — |
| 2090 | — |
| 2091 | — |
| 2092 | — |
| 2093 | — |
| 2094 | — |